RFx Types

An electronic document that is created by a buyer and contains items for purchase and/or questionnaires related to a procurement activity is called an RFx. In Emptoris Sourcing, it could also be a type of auction or a survey.

The following are the types of RFx in Emptoris Sourcing:

Request for Information (RFI )
Request for Quote (RFQ )
Request for Proposal (RFP )
Buyer Survey
English Reverse Auction (RA)
Dutch Reverse Auction
Japanese Reverse Auction
English Forward Auction (FA)
Dutch Forward Auction
Japanese Forward Auction

RFI
An RFx, that buyers use to obtain detailed information from a supplier is known as Request for Information (RFI). After buyers obtain the required information using an RFI, they can create an RFQ to obtain quotes on items, or conduct an auction.
RFQ
A formal invitation to submit a price for goods and/or services as specified is known as Request for Quotation (RFQ).
RFP
An RFx, in which buyer users can create questionnaires to obtain information from suppliers as well as define items for bidding is known as Request for Proposal (RFP).
Buyer Survey
A Buyer Survey is an internal survey that is sent to members of the buyer organization. A buyer organization typically uses a buyer survey to gather information prior to creating an RFI, RFQ, RFP or auction.
English Reverse Auction
An RFx that contains a list of items that buyers want to procure. Suppliers place their bids on these items in a live auction held over a limited duration of time, such as an hour.
English Forward Auction
An RFx that is usually used by buyers to sell excess by-products and assets. Supplier organizations place their bids on these items in a live auction held over a limited duration of time, such as an hour.
Dutch Reverse Auction
A Dutch Reverse Auction is a type of RFx that contains a list of items that buyers want to procure. In this auction, the price of the item rises after fixed intervals until a reserved price is reached. Before the reserved price is reached, if a supplier places a bid for the item, it is allocated to the supplier and the item closes for bidding.
Dutch Forward Auction
A Dutch Forward Auction is a type of RFx that contains a list of items that buyers want to sell. In this auction, the price of the item falls after fixed intervals until a reserved price is reached. Before the reserved price is reached, if a supplier places a bid for the item, it is allocated to the supplier and the item closes for bidding.
Japanese Reverse Auction
A Japanese Reverse Auction is a type of RFx in which the price of the item decreases automatically after a fixed time interval. The value by which the price change occurs is defined by the buyer user in different steps. The buyer user can define multiple steps with different decremental values for the price change.
Japanese Forward Auction
A Japanese Forward Auction is a type of RFx that contains a list of items that buyers want to sell. Bidding for each item takes place individually. You can bid for one item at a time.

Parent topic: RFx