Procurement negotiation is a key skill for sourcing professionals. However, many shy away from exercising this skill. Explore how to boost confidence when negotiating with suppliers while reducing costs and minimizing risk.
To select the perfect vendor, you need answers to your critical questions, but how do you ensure you ask the right questions? It often comes down to whether you should issue a request for information (RFI), request for quotation (RFQ) or request for proposal (RFP).
As procurement teams manage and analyze costs to maximize profit, understanding the purpose of each purchase is crucial. To [...]
Vendor performance evaluations can improve supplier relationships, mitigate risk and position your business for growth. Explore these tips on how to measure performance and incorporate evaluations into your vendor management process.
A request for quotation (RFQ) can be a key component in your procurement process. Are you taking advantage of this tool? Explore how the RFQ works, when you should use one and how to write it. This guide also provides examples and templates to help you get started.
Selecting the right employee benefits is crucial to retaining and recruiting talent to your business. Luckily issuing an employee benefits RFP enables you to make a confident, data-based decision. Learn more about how to manage employee benefits procurement here.
There are a lot of documents and forms that go into building and managing an RFP. If they aren't in one central location, you're likely to either waste time searching for them or forget to use them. Explore how creating a customized RFP toolkit helps improve consistency and efficiency.
Explore how to issue and respond to an architect RFP. Discovery everything you need to now from a how-to guide to RFP and proposal examples.
When writing an RFP, it can be a challenge to organize stakeholder concerns and feedback. Luckily, using an RFP outline can help. Explore how you can use an RFP outline to organize your RFP, engage stakeholders and improve the process for vendors.
There are a lot of RFx-related acronyms, abbreviations and terms in the procurement industry. Keeping them straight can be a challenge, which is why we created this RFP glossary for easy reference. Explore the most common RFx definitions and more here.