RFP stands for request for proposal. A request for proposal is a document that organizations send to suppliers when those organizations are interested in buying a product or service. The RFP asks those suppliers to reply with pricing and other information for the product or service.
If you want to learn more about the basics of procurement, please consider taking the online class "Mastering Purchasing Fundamentals" from Next Level Purchasing. For more information, visit www.NextLevelPurchasing.com.
