In fact, 68 percent of respondents use productivity applications like email, Word documents and spreadsheets as part of their process.įortunately, of those adapting productivity applications to manage the RFP process, 46 percent use other procurement-specific technology as well. However, the RFP data shows that many are still using technology not fit for purpose to manage information requests. Like all areas of procurement, request management benefits from the use of the right technology. Results from the survey fall into three themes: RFP technology, supplier relationships, and finally, internal priorities and challenges. The goal of this procurement study is to establish benchmarks, explore insights and uncover opportunities to improve request management in the future. Each of these processes requires research, collaboration with stakeholders and vendors, and flawless attention to detail. Indeed, to be successful, they must be undertaken by skilled procurement and sourcing managers. Despite the common misconception, these are not passive processes.
![how good is the rfx 150 final how good is the rfx 150 final](https://c1.neweggimages.com/ProductImageCompressAll1280/80-100-617-06.jpg)
From the outside, these various documents may seem unremarkable and simple. Unfortunately, request management expertise is often underappreciated. Collectively, the practice of leveraging all of these tools is referred to as request management. It includes RFPs, RFQs, RFIs, RFP lites, vendor risk assessments, security questionnaires, vendor profiles and more.
![how good is the rfx 150 final how good is the rfx 150 final](https://www.bellscb.com/products/accessories/Powerband/images/RFX-85HD_2.jpg)
The list of documents and processes used by procurement professionals to gather vendor information is extensive. Consequently, Art of Procurement conducted a survey to understand the workload, technology and relationships associated with RFPs and information requests. As markets shift and organizations move from offices to dining room tables and from paper to digital processes, it’s important to take stock of how these changes impact procurement practitioners.