What Is A Request For Proposal (RFP) In Logistics?
Freight shipping and logistics are complex industries with tons of documentation and specific terms involved. For businesses who want to start out working with a third-party logistics company, RFP is perhaps one of the primary terms they're going to encounter. What does RFP stand for? An RFP stands for Request for Proposal which may be a document that outlines requirements for working with another business. It’s designed to assist align the company’s requirements for a particular service they need to urge and contains important information about the business. In logistics and transportation, RFPs function proposal layouts to assist find a 3PL that will best meet a business’s needs. This document is significant in helping the corporate find an appropriate and reliable business partner to put a bid. Additionally, the corporate that writes an RFP also includes an invitation for information from another party to incorporate within the bid. Generally, the standard RFP is often sp...