RFQ vs RFP: Key Differences for Global Sourcing in India
If you’ve worked in procurement for any length of time, you’ve come across both these terms. RFQ. RFP. They get used interchangeably in meetings, emails, and vendor conversations — but they’re not the same thing, and using the wrong one at the wrong time quietly costs you money, time, and sometimes vendor relationships.
This post explains both in plain terms, with real examples drawn from promotional merchandise and POSM sourcing in India — which is the kind of sourcing most of our clients at Earth Tribe are doing.