Tag: Suppliers
-
Perfect Timing: Mastering RFP Open, Close, and Bid Durations
In running a Request for Proposal (RFP), timing matters. This includes when it opens, how long it lasts, and when it closes. Today we’ll talk about RFP timing, including opening, running, and closing for the best bid results. We’ll also cover sealed vs. unsealed bids and communicating timelines. Opening the RFP When considering when to… Read more
-
Do You Have Vendors or Suppliers?
Language matters. Early in my supply chain career, my supply chain leader sat across his desk from me and told me, “Vendors sell hot dogs. Suppliers are partners.” I think I was implementing a supplier scorecard program at the time and was constantly referring to our suppliers as vendors. Since that moment, every time someone… Read more