Vendorful: Smarter sourcing for buyers and vendors

Recent Posts

7 Questions to Ask before Purchasing RFP Management Software

Posted by David Wadler on Nov 8, 2017 3:42:16 PM

At this point, you’re convinced that your purchasing process bears the hallmarks of the problems that come from manually-managed RFPs. You’re shopping around for RFP management software to streamline your process and gathering information just as you would for any other purchase that your team makes. (Maybe you’ll even get meta and run an RFP to find an RFP Management solution!) No doubt, you have your own questions that need answering, but here are seven questions you absolutely need to ask before you purchase RFP management software.

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October Product Update

Posted by Peter Bonney on Nov 1, 2017 2:18:00 PM

Introducing Vendorful product updates released in October 2017:

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Topics: Product Updates

Improving your RFP response is the key to winning

Posted by David Wadler on Oct 31, 2017 10:09:44 AM

It’s the cold truth of procurement that when it comes to your RFP response and winning new business, you have to compete with other vendors. Unfortunately, when the buyer is ready to choose a winning vendor, there can only be one. It’s like the Highlander series of movies, only far less bloody.

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Topics: RFP

RFP Template and Formatting Best Practices

Posted by David Wadler on Oct 20, 2017 2:00:50 PM

Procurement professionals who send multiple RFPs each year will generally have a library of RFP templates. While this makes a lot of sense and could save a good bit of time in the sourcing process, there’s also a much higher chance of replicating mistakes across RFPs by using the same template over and over. Here’s the breakdown of the good, the bad, and the ugly for RFP templates, and what you can do to make sure your requests are as effective as possible.

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Topics: RFP

What is an RFI?

Posted by David Wadler on Oct 11, 2017 1:22:01 PM

 

The RFP is the celebrated driver of many large purchasing projects, but the RFI is the underutilized secret to success for sourcing good vendors.

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September Product Update

Posted by Peter Bonney on Oct 2, 2017 10:03:00 AM

Introducing Vendorful product updates released in September 2017:

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Topics: Product Updates

4 Biggest Time Sucks for Your Strategic Sourcing Process

Posted by David Wadler on Sep 13, 2017 8:54:03 AM

Your company adopted a strategic sourcing process to save time and money. While RFPs in your strategic sourcing process should do both, RFP processes themselves are full of mismanaged time and resources.

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August Product Updates

Posted by Peter Bonney on Sep 1, 2017 11:45:00 AM

Introducing Vendorful product updates launched August 2017:

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Topics: Product Updates

3 Enterprise Purchases That Use a Complex Procurement Process

Posted by David Wadler on Aug 9, 2017 2:14:00 PM

Not all procurement processes are equal. That’s because buying a pallet of printing paper is a very different purchase from purchasing a new server network for your entire corporation. In general, the more stakeholders, technical challenges, and moving parts a purchase has, the more complicated it will be. There is an interplay with sourcing and change management, which is important to consider early in the process.

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Topics: RFP

Sourcing 101: Understanding the RFP Process

Posted by David Wadler on Aug 2, 2017 12:48:00 PM

When it comes to making big-ticket purchases, buyers should try to make their evaluation process as rigorous and objective as possible. The cost of a bad decision can be devastating. A request for proposal (RFP) provides a framework for rigor and objectivity that organizations can broadly adopt as a best-practice cornerstone of their purchasing process.

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Topics: RFP, Sourcing