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An RFP, at its core, is a comprehensive document that facilitates the process of soliciting bids or proposals from potential vendors or service providers.

A well-crafted RFP communicates a company's needs effectively and sets clear expectations for potential vendors.

How RFPs aid in streamlining the vendor selection process: 

RFPs essentially provide a structured framework that levels the playing field. By detailing the specifics of what is required, vendors can propose tailored solutions, enabling businesses to select the best fit.

This structured approach reduces ambiguity, saves time, and ensures that the chosen vendor aligns perfectly with a company's objectives and needs.