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Best Practices for Preparing a Request for Proposal by Betsy Walli
Copyright 2010, Faulkner Information Services. All Rights Reserved.
Docid: 00018560
Publication Date: 1012
Report Type: TUTORIAL
Preview
A well-crafted, thoroughly defined RFP is the principal instrument for successful procurement of enterprise systems and software. The RFP should focus on the business needs to be addressed by the acquisition, and be designed to elicit vendor responses that are specific, complete, and of a consistent format to allow cross-vendor comparisons. The winning vendor 's RFP response can be automatically incorporated into an organized, detailed contract. RFP preparation tools that allow electronic distribution and results processing greatly reduce data entry and analysis time, as well as printing and distribution costs.
Report Contents: q q q q q Executive Summary
Description
Current View
Recommendations
Web Links
Executive Summary
[return to top of this report]
A well-crafted, thoroughly defined request for proposal (RFP) is the principal instrument for successful procurement of enterprise systems and software. An RFP should focus on the business needs to be addressed by the acquisition, and be designed to elicit vendor responses that are specific, complete, and of a consistent format, to allow cross-vendor comparisons. The winning vendor 's RFP response can be automatically incorporated into an organized, detailed contract. RFP preparation tools that allow electronic distribution and results processing greatly reduce data entry and analysis time, as well as printing and distribution costs.
Effective contract management comprises a series of steps.
The first step is to determine the business needs that the technology procurement will address. Next a company must prepare and distribute a request for proposal (RFP) that articulates those needs. After evaluating the proposals it receives in response to the RFP and choosing a
Copyright 2010, Faulkner Information Services. All Rights Reserved.
Docid: 00018560
Publication Date: 1012
Report Type: TUTORIAL
Preview
A well-crafted, thoroughly defined RFP is the principal instrument for successful procurement of enterprise systems and software. The RFP should focus on the business needs to be addressed by the acquisition, and be designed to elicit vendor responses that are specific, complete, and of a consistent format to allow cross-vendor comparisons. The winning vendor 's RFP response can be automatically incorporated into an organized, detailed contract. RFP preparation tools that allow electronic distribution and results processing greatly reduce data entry and analysis time, as well as printing and distribution costs.
Report Contents: q q q q q Executive Summary
Description
Current View
Recommendations
Web Links
Executive Summary
[return to top of this report]
A well-crafted, thoroughly defined request for proposal (RFP) is the principal instrument for successful procurement of enterprise systems and software. An RFP should focus on the business needs to be addressed by the acquisition, and be designed to elicit vendor responses that are specific, complete, and of a consistent format, to allow cross-vendor comparisons. The winning vendor 's RFP response can be automatically incorporated into an organized, detailed contract. RFP preparation tools that allow electronic distribution and results processing greatly reduce data entry and analysis time, as well as printing and distribution costs.
Effective contract management comprises a series of steps.
The first step is to determine the business needs that the technology procurement will address. Next a company must prepare and distribute a request for proposal (RFP) that articulates those needs. After evaluating the proposals it receives in response to the RFP and choosing a
Links: [return to top of this report] EC Sourcing Group: http://ecsourcinggroup.com/ Infotivity: http://www.infotivity.com/ On-Line Consultant Software: http://www.olcsoft.com/ SupplierSelect: http://www.supplierselect.com/ About the Author [return to top of this report] Betsy Walli is a graduate of the Massachusetts Institute of Technology with a Ph.D. in linguistics. Ms. Walli is an independent writer and editor with experience in academic, technical, and marketing writing. [return to top of this report]