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The 7 Most Common Sourcing Strategies

18/1/2015

2 Comments

 
The sourcing strategy or response strategy defines the type of procurement event that will be undertaken, for example, RFI, RFP, RFQ, or RFT. The following paragraphs define the 7 most common sourcing strategies:
  • Request for Application (RFA)
  • Request for Documentation (RFD)
  • Expression of Interest (EOI)
  • Request for Information (RFI)
  • Request for Prices / Request for Quotation (RF$ / RFQ)
  • Request for Proposal (RFP)
  • Request for Tender (RFT)

Introduction


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2 Comments

    Author

    I have been involved a most aspects of procurement management and have spent a substantial part of the past 25 years working and learning the business. My most recent client was Australia Post where I successfully managed, on their behalf, a large Procurement Event for a replacement of Australia Post’s mid-range computing platform.

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    cmwilson@netspace.net.au
    www.busdox.com
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