Out of the 123 days typically spent on an RFP, 26 are spent in the RFP creation process. That means more than 20% of a procurement manager’s time is spent creating the RFP before it goes to market. Imagine how much more effectively you could meet your internal clients’ requests (all the while getting more time in your day to focus on strategic and high-value tasks) if you could get RFPs out the door faster.
The RFP creation process is typically made up of three components: gathering requirements, research, and building the RFP. In this webinar hosted by Bonfire in partnership with NIGP, we’ll take you through each stage of RFP creation, walking you through top tips on how to save time without sacrificing best-value decision-making.
What You'll Learn
completing this online training session, you will know:
1. Why 95% of procurement failures can be tied back to one of the three phases of RFP creation
2. What components make up the three stages of the RFP creation process
3. Practical next steps you can take to optimize each stage for efficiency, and how best-of-breed technology can help
4. Outcomes (besides efficiency) of a streamlined RFP creation process-including cost savings, increased vendor engagement, and return on investment
Attendance for Individuals
In order to receive one contact hour,
each member needs to register for the webinar individually in advance and then
watch the live webinar. Your credit is tabulated by match between your login
and your registration.
Attendance for Groups
There is a Group Sign-In Form provided
with each webinar. The group sign-in form does not register anyone for the
webinar, it just verifies live attendance. Each person will receive their login
email on the day of the webinar – this verifies their registration.
The group sign in form verifies that they watched the live webinar.
firstname.lastname@example.org if you do not receive your login information by 12 pm
ET on the day of the webinar.