I’m trying to wrap my head around RFP and RFQ and could really use some explanation in plain language. Basically, I’m looking for:
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Clear definitions
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Real-world use cases
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The pros and cons of each approach
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Maybe a simple decision tree or framework to help me choose?
I think what would really help is seeing how this plays out in different scenarios. Like, how would you approach a straightforward commodity purchase versus something more complex like a strategy or creative project? I’m guessing the timelines are pretty different too?
Would love to hear from anyone who’s dealt with this before. Thanks in advance!