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The Bottom Line

SRM Perspectives on Key Industry Trends

Vendor RFP Process: Guidelines for Manufacturers

Posted by Jim Kurtz on Dec 7, 2021 9:33:37 AM

A request for proposal (RFP) is a formal request issued by an organization that seeks specific products or services to address the organization’s essential business needs. After receiving the RFP, the vendor submits a proposal that demonstrates their qualifications, costs, and solutions in providing the requested services. From there, the issuer of the RFP vets the offerings and chooses the best solutions and cost of services.

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Topics: Vendor Negotiation, Manufacturing Advisor, RFP

Vendor Negotiation Techniques to Increase Savings in a Virtual World

Posted by Jim Kurtz on Aug 12, 2021 10:00:00 AM

There would be no such thing as vendor negotiation if prices were set in stone. Yet decisions in government, international relations, speculation, and supply and demand shape market trends and price fluctuations, requiring procurement professionals in the manufacturing industry to develop and implement vital vendor negotiation techniques. 

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Topics: Manufacturing, Cost Reduction, Vendor Negotiation, Vendor Negotiation Strategy