Standard RFP Process: The Standard RFP (Request for Proposal) process is a structured approach used by organizations to solicit bids from suppliers or service providers. The process typically involves defining project requirements, issuing the RFP, evaluating proposals, and selecting a vendor. A well-defined RFP process ensures that businesses choose the best solutions while minimizing risks and costs.
Tags: bidding process model, procurement visual, proposal management workflow, request for proposal flow, RFP process diagram