The Underutilized Request for Information (RFI)

For anyone that has ever run an eSourcing project, there is a typical flow that most processes follow. The project kicks off, and everyone’s focus is split between costs and known issues with the incumbent suppliers(s). Procurement uses historical spend to put together a list of line items with quantity and specification data. The company’s standard list of supplier questions is loaded into the eRFX system, along with any additional questions for suppliers that relate to the category of spend in question or new developments in the industry being sourced from. Everyone works frantically until the day the RFP opens and then – you wait. The project comes to a complete standstill for the two weeks (e.g.) that the RFP is open. Then the mad dash begins again as you wade through and evaluate supplier responses, pricing, and attachments.

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Recommended Procurement Webinars May 13-17: P2P Playbook, Print eSourcing, and why Spend Analysis Matters

If last week was sleepy, this week is slammin’! 5 webinars and 4 live events provide plenty of opportunities to learn, share and network. Of course, all of three of this week’s recommended webinars are on the 16th at either 1 or 2pm ET, so make your choice wisely.

If you are planning your webinar schedule beyond this week, I recommend ‘Disrupting Finance and Procurement: A Conversation with lululemon athletica About Digital Transformation’ from Coupa on June 19th. I love an opportunity to peek behind the curtain at well-known brands, and even though it is a webinar, I never give up hope that someone will figure out a way to offer free samples. (!)

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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Recommended Procurement Webinars for April 3 - 7: A ‘Rendezvous’, Demystifying AI, Digital Workforce

If you’re in the London area this week, reach out to MarketDojo and save your spot at their first ever ‘rendezvous’ - Creating real value from eSourcing on Thursday. If you’re not spending the week at a gorgeous 17th century manor house, make yourself a cup of tea before sitting down to one of the following webinars. Click on the title of each webinar below to view the full description and register.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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