RFX

In procurement, RFX is a general term that refers to a family of procurement documents and processes that begin with "Request for X," where “X” can stand for Information, Proposal, Quotation, Tender, etc.

Common Types of RFX:

• RFI (Request for Information) – Used to gather general information and explore the market.
• RFP (Request for Proposal) – Used to solicit detailed solutions and pricing for a defined need.
• RFQ (Request for Quote) – Used to obtain pricing for well-specified goods or services.
• RFT (Request for Tender) – Similar to RFP, often used in public sector or formal bidding environments.

Why Use the Term RFX?

• It acts as a catch-all term to refer to any formal request document in the procurement process.
• It’s often used in discussions about procurement software or systems that manage multiple types of sourcing events.

Example Contexts:

• "We need to launch an RFX process for our upcoming IT infrastructure upgrade."
• "The procurement platform supports RFX automation for faster vendor engagement."