How to issue an RFP for banking services with examples
When selecting a bank or banking services, organizations have a lot of things to consider. Indeed, you need to find a partner that offers the right combination of services, technol...
People & Teams
The proposal management plan for a one-person team
An effective proposal management process is like a jigsaw puzzle; it takes multiple pieces, and they have to fit together just right. If you’re a one-person team, putting all the...
How proposal teams can drive sales productivity and improve outcomes (with a free email template)
“I don’t get no respect.” – Rodney Dangerfield
At RFPIO, we often say that proposal managers are the unsung heroes of their organizations. Proposal teams spend hours, we...
What is an RFO? Request for offer explained
A request for offer, often shortened to RFO, is a term used in procurement and sourcing. Like other RFX documents, an RFO is a questionnaire designed to exchange information betwee...
Why Business Units are best for visibility and control
If you’ve attended an RFPIO webinar or conference recently—or read the Freedom to Thrive white paper—then you’ve heard us mention RFPIO’s ability to break down silos. If ...
RFX meaning in procurement: Definition, process & resources
When it comes to procurement, there’s no shortage of important terms and acronyms. And, there’s one that consistently causes considerable confusion: RFX. Indeed, ‘RFX meaning...
How to write a procurement policy that empowers and protects
Writing a procurement policy is a big undertaking. If you’re considering creating a new policy, you may find yourself asking: Why do we need one? What should it say? Will people ...
Sustainable sourcing: How-to guide, tips and policy examples
Sustainable sourcing is more than a procurement trend — it’s a competitive advantage, a way to mitigate risk and an avenue to cost savings. Unfortunately, while most businesses...
RFP research: Top procurement statistics to know
While the practice of procurement evolves constantly, the pace of change accelerated significantly over the last few years. Out of necessity, many procurement processes had to adap...
Direct vs indirect spend: Overview, definitions & strategies
As procurement teams manage and analyze costs to maximize profit, understanding the purpose of each purchase is crucial. To achieve this, organizational spend is often broken down ...
Vendor due diligence done right
Vendor due diligence is a crucial part of effective risk management. Sadly, it’s a practice that many companies overlook. Indeed, one out of three organizations report they condu...
Client discovery questions for procurement consultants
As a procurement consultant, listening to and understanding client needs is absolutely essential. Indeed, it’s a key skill for anyone issuing a request for proposal (RFP) on beha...
