Creating Requests for Proposals (RFPs) can be a laborious part of the procurement process. When you need to administer complex projects with tight deadlines, there’s no time to waste. That’s when RFP automation saves the day.
When it’s time to issue a Request for Quote (or RFQ), it’s a sign that things are getting serious, as you narrow down potential suppliers to fulfill your procurement needs. There’s money and sensitive data involved, and it can get convoluted fast. Find out how automation can revolutionize your RFQs and business processes, helping you keep up to speed.
A request for information, or RFI for short, is often the first step in your procurement process, so it’s crucial to get the format right, as the clarity of your request determines the quality of your vendor responses. We explain the process and elements required, and share 9 helpful RFI response examples you can draw from to create a winning information template of your own.
To help you make the right choice when deciding on the best contract lifecycle management software for your business, we’re assessing Coupa vs. Ariba. You’ll see what makes them both a top choice for companies across industries for managing their eSourcing, procurement and other contract management needs. By understanding their similarities and differences, you’re better positioned to decide which is a better fit for your organization.
Procurement processes can be stressful, expensive, tiring and convoluted. Plus, using the wrong online tools often aggravates the experience. If your past encounters have left you scarred, it’s time to introduce or upgrade to superior sourcing software.
