By: ProcurementIQ Staff Writer, Kiera Outlaw
The RFP process has come a long way. Gone are the days of scribbling down a few requirements and choosing the lowest bidder. The evolution of the RFP process, as with many other processes in the procurement field, has proven its value to the procurement function beyond just getting what the company needs.
But let’s be honest, there are still poorly written RFPs released into the wild every day. These ambiguous RFPs happen because a company has mandated the use of a generic template (which reduces the flexibility to remove or add additional information) or it just hasn’t placed a significant emphasis on its RFP process. So, what are the consequences of a poorly written RFP?