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...

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...

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...

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...

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...

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...

Impact investing: RFP tips for institutional investors

Historically, organizations that want to make positive change in the worldhave focused on internal diversity practices, charitable giving and sustainable sourcing. However, as the ...