RFx

RFx is a general term used in procurement and supply chain management that refers to various types of structured processes—such as RFP (Request for Proposal), RFQ (Request for Quotation), and RFI (Request for Information)—used by organizations to gather information, compare options, and select the best suppliers or vendors. These processes help companies make informed purchasing decisions by requesting detailed proposals, pricing, or information from multiple suppliers. Essentially, RFx provides a formal way for organizations to evaluate potential partners and ensure they choose solutions that meet their needs efficiently and transparently.