Request Seller Responses Process

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Request Seller Responses Process:

During the process of project management, acquisition of resources may be obtained through multiple vendors. Solicitation of vendors is referred to as requesting seller responses. The complete process of soliciting the vendors is called request seller responses process.

The process is broken down into two aspects:

  1. Issuing Requests: Obtaining information from the vendor. The information may be received in the form of proposals, estimates, quotations, bids, offers, etc.
  1. Selecting Sellers: Once all information has been obtained the process of vendor selection begins. The vendor is selected after thorough evaluation, which is done under the following criteria:
  • Capabilities (technical, financial, production) of the vendor
  • History of the Vendor
  • Life Cycle Cost
  • Price at which the commodities or services are being offered
  • References
  • Understanding of the need by the vendor

Various tools are available for selecting a vendor:

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