Last edited 30 Jun 2020

RFx

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[edit] Introduction

RFx is an acronym used to represent the term, ‘Request for X’ where ‘X’ is one of the other terms that is part of the procurement process. Examples include:

RFx can incorporate just one of these processes or any combination of them. It can also include all of the processes in a complex, multi-stage procurement approach (RfI to RfP to RfQ to RfB to RfC).

[edit] RfX and e-procurement

In electronic procurement (or e-procurement) arrangements, RfX transactions can be managed through the use of RfX software. This technology can be used to automate different parts of the e-procurement process.

E-procurement refers to tendering processes carried out online and through information and networking systems. It can be a highly effective way of managing complex supply chains with multiple tiers of suppliers. E-procurement software automates procurement-related functions, procedures and processes, reducing the need for paper-based and human processes.

An e-procurement system can use RFx software to centralise information, so everything related to transactions can be accessed online from one place. One major benefit to this arrangement is the reduction of duplicate orders. It also supports tracking for each portion of the purchasing cycle.

Most RfX software includes a selection of RfX tools. These can come in the form of project templates that help to standardise transactions and improve documentation and data management accuracy.

Some RfX templates include the following documents associated with the procurement process:

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