MGMT 408 Week 4 Discussion; RFP Process

Describe the key factors essential to effectively manage outsourcing. Finally, define and explain request for information (RFI), request for quote (RFQ), request for proposal (RFP) and the contract management process? DISCUSSION REQUIREMENTS: 1. Main Post that provides answers to all posed questions, support your answers with, at least, one external URL (20 points) 2. Post your research presenting real-life example or best practices relevant to topics discussed in the Video Lecture (12 points) 3. Post a substantial comment to your Peer. The comment should either extend the topic or provide additional insights. Comments that reflect general likes, i.e. "Good job!", "I like your post !", "I agree with you" - Do not count into the grade( 8 points)