Automated Procurement Technology: The New-School RFP

Let’s start by defining automated procurement technology. Also referred to as e-procurement, automated procurement technology takes procurement workflows and processes, and automates them onto a single software platform. Software products in this category are generally web-based SaaS platforms and are provided on a pay-as-you-go basis. Procurement technology or RFP (request for proposal) software in this…

Why Your RFP Depends on the Right Stakeholders

Defining RFP Requirements: Get Stakeholder Input Early

Sourcing the right vendor for your next project will start with gathering all your RFP requirements. (Request for Proposal: a process by which companies solicit bids for goods and services) The RFP itself is a formal document that defines a project’s requirements and goals, outlines project criteria, and poses questions to help validate the most…