Write Better Procurement Technology RFPs (Part 1): The Requirements [Plus+]

procurement technology cronislaw/Adobe Stock

In Spend Matters’ last PLUS series on RFPs, co-written by the author, we gave you some guidance on how to write better RFPs in general, which is great when you are buying products and services, but not always enough when you are buying technology platforms to power your procurement-enabled enterprise. In this short follow-up series, we are going to give you some in-depth advice on how to write even better RFPs for procurement solutions. Software applications are not like products and services. They don’t just power the commerce your business relies on, they power your business. And procurement applications are even more unique. They power the information, commerce and decision flows that your business runs on — and these flows have to be optimized for your business. Thus, it is imperative that you select the right applications, and this will only be the case if, and only if, you have the right RFP — and the right RFP process — that will encourage the right suppliers to respond.

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