5

Reasons RFP Creation

Process is Critical to
your Organization

01
Forces organization to
Project
Requirements

define requirements
Internal exercise and discipline for the company

Define what are the systems requirements and

needs in detail

02
Shortlisting the vendors
Analyzing vendor responses with detailed
comparison

Weighted scoring methods to make the best

decision

03
Gets you thinking about
Return on Investment
Analyzing functional differences and
advantages of every vendor

Prepare a better business case across all

spend categories

04
Produces an organized
selection methodology
Track and compare observations, questions,
and conclusions

Prioritize the right needs and assign

weightage across all requirements

05
Innovation and Supplier
base rationalization
Bring in new thought processes

Invite a broad set of suppliers in the RFP

process