Agile procurement vs. traditional procurement
This guest blog, exploring agile procurement and traditional procurement approaches, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice.
Many suppl...
How to write a business requirements document: Template, examples, tips
A business requirement document (BRD) is like a blueprint for a new project or partnership — you can see the plan and imagine the final results at a glance. Indeed, a BRD communi...
What is a request for quote (RFQ)?
When you’re invited to respond to an RFQ that aligns with your business goals, it can be an enticing prospect. RFQs are typically for large projects, which drive more revenue and...
Supplier code of conduct: Guide, best practices and template
Successful vendor relationships are built on shared goals, trust and values. But, do your vendors know where you stand on key issues? And, importantly, do you know if your values a...
Cost savings vs cost avoidance: What’s the difference?
In procurement, both cost savings and cost avoidance are strategies used to reduce expenses. Indeed, both are part of a holistic approach and are often used as procurement KPIs. Bu...
How to respond to a security questionnaire
If you’re like me, you regularly receive emails advising you to change your passwords because one company or another has suffered a security breach. Unfortunately, data breaches ...
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...
HR technology: Everything you need to know for 2023
If you’re a human resources professional and feel like each day is an uphill battle, you’re not alone. Across all industries, HR teams are facing historic headwinds. Fortunat...
RFP weighted scoring demystified: How-to guide and examples
RFP weighted scoring reminds me of getting grades in school. Some papers and tests come back with an exact score like 96 out of 100 points. On the other hand, I often received more...
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...
How to forecast market trends using procurement data
This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice.
Over the last few years, supply ch...
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,...
See how it feels to respond with confidence
Why do 250,000+ users streamline their response process with Responsive? Schedule a demo to find out.
Contact us