Request for information guide: RFI meaning, tips & template
When your business faces a challenge and needs to find a new solution, where do you start? How do you keep track of potential vendors and suppliers? Not only that, but how do you c...
Tag: issuing RFPs
Sourcing innovation story: How AEG switched to eRFPs
Over the last few years, businesses and procurement teams faced a number of unexpected challenges. Through a global crisis and ongoing supply chain disruption, sourcing innovation ...
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...
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...
Supplier relationship management: Guide and expert tips
It’s no secret that successful businesses are built on relationships. However, many organizations focus on developing and improving customer relationships, while overlooking the ...
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...
A beginner’s guide to procurement analytics
Performing procurement analysis has always been a part of the procurement profession. However, the sheer volume of information now available is understandably intimidating.
In t...
RFPIO Acquires InHub
RFPIO Acquires InHub to Fortify its Position as the Request Management Technology of Choice for Financial Services, Investment and Consulting Teams
BEAVERTON, Ore., February 15, 2...
Procurement consulting guide: Expert advice for better buying
Effective procurement should be a top priority for any business. From enterprise organizations with dozens of procurement professionals to businesses without a dedicated procuremen...
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 ...
