• RfX / eAuction
What is RFx? RFx does not stand for anything specifically; as the RF stands for “Request For” and the x is just a
placeholder for I, P, B, T and / or Q i.e;
• Request for Information (RFI),
• Request for Proposal (RFP),
• Request for Bid (RFB) (or sometimes Request for Price (RFP)),
• Request for Tender (RFT), and /or Request for Quote (RFQ).
RFI / RFP / RFQ are the most common Tendering processes used in AlphaTenders’s sourcing and procurement
cycles, while it must be noted that the RFx process is difficult to define as it can range from a simple one-time
RFQ to a complex multi-stage RFI / RFP / RFQ process, depending on the needs of the client.
Choosing the most appropriate RFx process, is an important task which depends on the objectives of the
sourcing event, the completeness of the product/service requirements, the number of suppliers involved, the
level of competition between such suppliers, the inherent risk in the sourcing effort, and projected cost
savings or cost avoidance opportunities.