How to issue an IT RFP: Tips, templates and examples

Deciding to invest in an information technology (IT) service or product is stressful. Granted, it’s usually a big purchase and the expectations are high. You have to evaluate doz...

The top 23 procurement technology tools for 2023

When it comes to procurement, the last few years have seen an incredible amount of technology innovation and adoption. As procurement technology becomes more specialized and effici...

How to write a proposal rejection letter to a vendor

Breaking bad news is never fun and no one likes rejection. However, for procurement professionals, it’s part of the job. Indeed, for most RFPs and contracts, there can only be on...

RFP meaning: What is a request for proposal?

The request for proposal, often referred to as an RFP, is a common business tool used to find the best vendor while maximizing value and minimizing risk. Despite its importance and...

Procurement request guide: Basics, tips and examples

Someone in your organization needs to make a purchase. Ideally, the stakeholder checks the procurement policy for instructions and proceeds accordingly. Depending on the scope of t...