Request for Proposals Explained
Request For Proposals ExplainedA Request for Proposal (RFP) is a solicitation, often made through a bidding process, by a company or agency interested in acquiring a service, commodity, or asset…
Request For Proposals ExplainedA Request for Proposal (RFP) is a solicitation, often made through a bidding process, by a company or agency interested in acquiring a service, commodity, or asset…
Part 4 of 4: How to Improve Your RFPCreating an effective Request for Proposal (RFP) can be challenging. The goal of this series is to help you improve your RFP…
Negotiating aka haggling does come easier for some people. For example, my parents are from Europe and although I was born and raised in North America, my family was comfortable negotiating on both major and minor purchases. This was part of their upbringing and they are more accustomed to this form of trade or commerce. As a result of having witnessed this growing up they managed to instill these traits in all their children.
Looking back, after over 30 years in the Materials Management field, I have come to realize becoming a Purchasing Agent had much to do with my upbringing. My parents used every opportunity to expose their children to real life financial transactions and nurtured the importance of achieving the best possible product at the best possible price. To be honest, for our family, negotiating an acceptable unit price on a major expenditure was a necessity.
One of these real life transactions — my Father had me actively involved in the negotiation of my first major purchase. An automobile and at the tender age of 16. Yes I had a car, which I bought and paid for with my own hard earned cash!
Watching my Father grind the Car Salesman sitting on the other side of the desk was an experience or life lesson I will never forget. On one side you have an eager yet scared Buyer (me cause I had to make car payments), on the other side is the wily sales manager. Representing the eager buyer was (more…)
You want me to do what? You are a Buyer and just received a call or a reminder that an annual review for one of your companies key vendors is…
The Role of Purchasing in the Supply ChainThe supply chain encompasses a broad range of responsibilities, and the purchasing department plays a critical role in its success. Within this department,…