PK0-003 · Question #95
Company ABC is looking into which technologies and suppliers could help it achieve business process automation. Which of the following methods should the company FIRST use to help it validate its thin
The correct answer is A. RFI. When a company first explores potential technologies and suppliers for a new initiative like business process automation, it should begin by issuing a Request for Information (RFI). An RFI helps gather general data, understand market capabilities, and validate initial ideas witho
Question
Company ABC is looking into which technologies and suppliers could help it achieve business process automation. Which of the following methods should the company FIRST use to help it validate its thinking?
Options
- ARFI
- BCDM
- CRFQ
- DRFP
How the community answered
(23 responses)- A74% (17)
- B4% (1)
- C13% (3)
- D9% (2)
Why each option
When a company first explores potential technologies and suppliers for a new initiative like business process automation, it should begin by issuing a Request for Information (RFI). An RFI helps gather general data, understand market capabilities, and validate initial ideas without committing to specific solutions.
An RFI (Request for Information) is the appropriate initial step when exploring new technologies or suppliers. Its purpose is to gather broad information about available solutions, market trends, and vendor capabilities to help a company validate its thinking before developing detailed requirements.
CDM (Common Data Model) is a collection of standardized data schemas, not a method for surveying technologies and suppliers.
An RFQ (Request for Quotation) is used when requirements are already well-defined, and the primary goal is to obtain pricing information for specific goods or services.
An RFP (Request for Proposal) is issued when detailed requirements are known, and the company seeks comprehensive proposals and solutions from qualified vendors, typically following an RFI phase.
Concept tested: Procurement process - RFI
Source: https://learn.microsoft.com/en-us/dynamics365/supply-chain/procurement/rfis-rfqs-rfps
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