Many companies are discovering the advantages of an eSourcing tool. It can reduce process time, provide a more available library of RFx documents, generate sourcing savings, and in some instances, drive incremental revenue. However, by not understanding some of the issues involved in implementing an eSourcing tool and managing RFxs in the new "e" environment, some companies may not realize the full potential of the tool. Worse, they may have wasted money by purchasing a tool that is used ineffectively or not used at all. The objective of this presentation is to focus on some practical guidelines and tips for successfully managing RFxs (particularly RFPs, up to but excluding reverse auctions) after the eTool has been selected.

Categories: Whitepaper
SRC Type: eSourcing and Tools, Evaluation and Selection, Procurement Operations, Sourcing