Managing RFPs is the first step to achieve procurement excellence, and it is often manual (read Excel, Word, and Outlook-driven) and time-consuming. Check how sourcing, procurement, and vendor management leaders can rapidly and effectively collect vendor responses using RFPflow – a native app built for ServiceNow. https://aavenir.com/resources/aavenir-rfpflow-request-for-proposal-management-for-servicenow/

1. 5 Reasons
Why the RFP Process is Essential
for Improving Sourcing ROI

2. Why RFP creation process is critical?
1. Forces organization to define requirements
2. Shortlisting the vendors
3. Gets you thinking about Return on Investment
4. Produces an organized selection methodology
5. Innovation and Supplier base rationalization

3. Challenges
● Premature Bids and Collaboration
● Streamlining Proposal Content and Communications
● Meeting Strict Deadlines
● Lack of Internal Expertise

4. #1 Define requirements
● Defines systems requirements and needs in detail
● Helps in aligning the right stakeholders to define the right criteria
● Helps in choosing the appropriate set of vendors for the organization

5. #3 Return on Investment
● Analyzing functional differences and advantages among vendors and
explains about RFP return on investment
● With RFPs, organizations can focus on Total Cost of Ownership and
analyze all hidden costs across spends
● Sourcing Managers can achieve faster efficiency
● Prepares a better business case across all spend categories

6. #4 Organized selection methodology
● RFP process helps you track and compare observations, questions and
conclusions regarding each vendor
● Helps in making the “right” application decision
● Helps organizations to prioritize the right needs and assign weightage
across all requirements
● Organizations can focus on top criteria and be flexible in low-priority
requirements.

7. #5 Innovation & Supplier base
rationalization
● Sourcing managers can add criteria that can make organizations
remain nimble
● Smaller vendors are nimble and innovate faster comparatively
● By inviting a broad set of suppliers in the RFP process, sourcing
managers can achieve supplier base rationalization

8. Aavenir Solution
Aavenir RFPflow on ServiceNow Digital Workflow Platform
Source Smarter & Strategically
Comparative Supplier Evaluation
Sourcing Management with Mathematical Rigour
Build & Reuse RFPs, RFQs & RFIs
Collaborative RFP Authoring & Template
Hub
Automated Configurable Workflow

9. Free Demo Session
Get a live demo of Aavenir RFPflow, procurement team can easily collaborate with
enterprise teams to create a need-focused RFP questionnaire and execute process on
ServiceNow.
We provide live demonstration for following Aavenir RFPflow solutions:
● RFPflow- Request for Proposal Management Solution
Visit: https://aavenir.com/demo/

10. Get Free Resources
Digitize Strategic
Sourcing using
RFPflow
Free Download
Automate
Sourcing using
RFx
Request for
Proposal
Management
3 Features to
Consider RFP
Software
Sourcing in
Healthcare
Watch webinar
Free Download Explore Now
Explore Now

11. Delivering Future of Work
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