Top 7 procurement skills for advancement and success

Procurement skills are more valuable now than ever. As market conditions change rapidly, organizations increasingly depend on supply chain, sourcing and procurement professionals t...

How to respond to a DDQ

Entering into a business relationship, whether it includes making a large purchase or even a merger or acquisition, is complicated. With today’s security challenges, it is riskie...

Understanding due diligence questionnaires

The internet allows consumers to easily arm themselves with information that may influence their buying decisions. Before spending money at a restaurant or hair salon, for example,...

The RFP process: The ultimate step-by-step guide

Looking for RFP response process? The request for proposal, often shortened to RFP, is a decades-old tool used every day all across the globe. Indeed, countless businesses an...

Understanding the RFP response process

If your company is like most, you responded to a lot more RFPs last year than you did the year before. You’ll likely respond to even more in the upcoming months and years. Lea...

RFP executive summary: Recap results and win buy-in

Even for the most experienced professionals, writing an executive summary from scratch can be a challenge. After all, you’re responsible for condensing a lot of information into ...

Vendor onboarding: Process guide, checklist and tips

Vendor onboarding is an important part of strategic sourcing and supplier relationship management. Indeed, the vendor onboarding process is like an official introduction at the ver...

Considerations when creating an RFP process

"The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an i...

Benefits of a great RFP process

There was a time, I suppose, when major company purchases were relatively straightforward. If a company wanted to buy supplies, for example, they would simply contact vendors or pu...

Understanding RFP management

When a request for proposal (RFP) comes across your inbox, it might seem overwhelming. Some RFPs contain 100s of questions on 1,000s of pages (or vice versa). Your first instinct m...

Understanding knowledge management

Aside from your employees, company knowledge is your organization's most valuable asset. If yours is like most, the amount of knowledge accumulated over the years seems to grow exp...