Procurement Documents - RFP, RFI, RFQ, IFB, LOI, PO

[@pmclounge]

Check out more Procurement Management videos here bit.ly/ProcurementManagement

[@oniasfaranando3755]

thanks so much

[@javedakhtar5724]

RFI--RFP--RFQ(IFB)--LOI/FOA--PO

[@sadhikpasha2757]

Very nice information for the freshers and interviews..
RFI -RFP- RFQ/IFB- LOI/PO

[@pmclounge]

🙂👍

[@naveenraj3045]

This is a very useful video for every student in supply chain sector. I wish you should definitely continue your work. In my chronological order, I'll use IFB to know about the capacities of several sellers then use RFI and RFQ to select a few capable sellers. Finally, after filtering one seller, I will move to RFP , LOI and purchase order.

[@pmclounge]

Thanks for your comment Naveen, glad you found the video helpful. Don't forget to subscribe for more 😊👍

[@muneerkhan100]

Thanks alot for explaining these terminologies, really appreciate your efforts and admire the way you explained RFI RFP RFQ IFB LOI. I recently get assigned in a new Role comes under pre sales and was eagerly looking for this information.. Thanks again and keep it up .

[@pmclounge]

It's my pleasure Muneer. Don't forget to subscribe for more on project management 😊👍

[@timothysmart4355]

This is so well explain as I prepared to sit tomorrow my exams.Thanks

[@pmclounge]

Glad it was helpful! All the best with your exam, let us know how it goes 💥🚀

[@bmkq2007]

Nice smooth explanation and transition in this topic bro. The order here depends on the buyer philosophy and type. If the buyer is a government entity most likely they will introduce the tender first and then they wait for bidders to participate. After that the rest comes in this order : IFB will allow the bidder to have the documentation required/requested from the buyer to submit RFI-RFP-RFQ, then LOI & PO

[@pmclounge]

Thanks for sharing, don't forget to subscribe for more content on Procurement and Project Management 💥🚀

[@clinton8955]

How does the government introduce the tender?

[@hekmatullahbarya8641]

The chronological order is the same as you have shown on the very beginning part of your video.
By the way thanks for making procurement lessons easy to learn.

[@pmclounge]

Glad you found the video helpful, thanks for your comment Hekmatullah. Don't forget to subscribe for more 😊👍

[@husseinibrahim6315]

MashaAllah really appreciate on how you explain the deferent terminologies...be blessed inshaAllah

[@pmclounge]

Thank you for the good words Hussein, appreciate it 👍

[@k94.-]

Very interesting for procurement practitioners in logistics and procurement management

[@pmclounge]

Thanks for your comment, Kuolriak. We have more videos on procurement management so do consider subscribing 😊👍

[@ascidiamaimunadavid87]

Nice content! Yes you can arrange these documents in chronological order as: 1st RFI, 2nd RFQ, RFP, IFB, 3rd LOI, 4th PO, Contract.

[@pmclounge]

Cheers 😊👍

[@alejandromarquez5565]

Thanks for sharing your videos they helped me to pass the exam and now I am just refreshing the concepts

[@pmclounge]

So good to know that Alejandro! Congrats on getting the PMP 🎉

[@cruisepaige]

I came here for the knowledge, stayed for the accent and upbeat attitude!

[@pmclounge]

Great to know 😊👍

[@swan2493]

You are great! This is a very, very good explanation. Thank you very much! Blessings

[@swan2493]

Helped me a lot 🙂

[@pmclounge]

Glad it was helpful! Don't forget to subscribe for more such project management videos 💥🚀

[@davidssengendo7172]

Glad to use these every day in my operations

[@pmclounge]

Thanks for sharing David 😊👍

[@aakashagrahari9963]

When was I negotiate in price

[@amoldighe8418]

Procurement process n terms clearly mentioned ! Thanks for the information ...
I would like to request you for more information and details...

[@pmclounge]

Hi Amol, check out the entire Procurement Management playlist here - ua-cam.com/video/aZRouISq-WM/v-deo.html

[@kshitijrathod3969]

RFP, RFI, RFQ, IFB, LOI, PO its the chronological order

[@Redhat07]

No. RFI Come 1st....rest is ok in order

[@naijalovin]

Thank you breaking it down. I appreciate it.

[@pmclounge]

Glad it was helpful! Don't forget to subscribe for more on project management 😊👍

[@storiesofmylife727]

Thank you so much this was very helpful

[@pmclounge]

Glad it was helpful!

[@rsvideoswithlove5904]

Sir how to draft RFQ and RFP any tool. Please explain the process of drafting RFP and RFP.

[@mohdahmedpasha493]

Dear sir
FPR AND FPO is also there
Foreign purchase request and foreign purchase order

[@sandeepshingre7529]

RFI, RFP, IFB/RFQ, LOI, PO

[@bienne777]

Good on you: they are all clearly explained!

[@pmclounge]

Thanks Tim, appreciate it 👍🙂

[@shyamsaha2357]

Good explanation 😃

[@pmclounge]

You're welcome Shyam, don't forget to subscribe for more on project management 😊👍

[@gopinatht4654]

Fantastic explanation, spot-on!

[@pmclounge]

Glad it was helpful Gopinath! 😊👍

[@jamileastwesttrading]

Thanks to clear the all and request to next vedio .

[@pmclounge]

Most welcome. Check out the playlists section, that is where all knowledge areas are explained and neatly organized 🙂👍

[@jamileastwesttrading]

@@pmclounge
Thanks for cooperation

[@pmclounge]

Our pleasure, don't forget to subscribe and help us spread the word 😊👍

[@balasabomusa9974]

I'll send in an invitation to respective sellers out there on what we are looking for and after a response from the sourced vendors, I'll then move forward with RFI about the vendors. Next, I'll request feedback on what I am proposing to my narrowed-down vendors ( RFP ). Following will be the RFQ, LOI, and then PO.

[@pmclounge]

Thanks for sharing Bala 👍

[@cmj13]

Its RFI , RFQ/(IFQ) ,RFP, LOI, LPO/PO

[@shahbazmomin786]

Very Good Explanation
Thanks

[@pmclounge]

You are welcome 😊👍

[@fredericoquintas840]

i would like course by internet but how can i do that. please explain to me .

[@pmclounge]

Which course is that?

[@akeelakollie3379]

Myself for a beginner... I did 4 year ago the CIPS 2 and 3 but no practice, so I want start all over ( [e-mail])
If you can lecturing online like a class I am in

[@nayanrathod729]

Too good and nicely explained 🙂

[@pmclounge]

Thanks a lot 😊

[@senthamilmani8664]

Good Info ..keep doing ..

[@pmclounge]

🤝

[@bongalanga1753]

Thanks for this king

[@pmclounge]

You're welcome Bonga. Don't forget to subscribe for more project management videos 😊👍

[@zechariahn.dorjue4407]

So what is the first documents

[@aparnaeshwar]

RFI RFP OR RFQ IFB LOI PROCESS PO and issued to the supplier

[@GetanehSenbata-ze7ir]

Open Internation Biding

[@naveedsadder346]

RFI, RFP, RFQ, IFB, LOI AND PO

[@joshnathan7807]

RFI, RFP, RFQ, IFB, LOI, PO

[@xplorooo]

❤

[@مسلسلاتصينيةمترجمة-ث9ف]

Amazing info

[@pmclounge]

Glad you liked it, don't forget to subscribe for more 😊👍

[@sreenidhi5697]

RFI, RFQ,RFP,LOI,PO

[@pmclounge]

👏

[@abbasabdi1987]

thanks

[@pmclounge]

You're welcome Abbas 😊

[@archanar3288]

What is the 17 international procurement terms for information technology ? Can u plz help me .I have an interview today

[@gauravkashive3948]

thanks sir

[@pmclounge]

Most welcome Gaurav

[@rammohan509]

pls send live practically to show me

[@mohammedmuneer1289]

1 RFI
2 RFP
3 RFQ/IFB
4 LOI
5 PO

[@oglananyu1092]

Well explained, thank you,sir another question what are documents used in receiving process? Thank you

[@tonyawest1691]

LOL