What is an e-Request for Proposal?

An e-Request for Proposal invites detailed responses from suppliers, allowing them to propose their own solutions to meet a buyer’s needs.

Industry example: Your business requires a custom-made software solution to overcome a particular issue. You know the problem but not necessarily the exact solution, so you’d like to invite innovative suggestions from suppliers.

An e-Request for Proposal will usually be published early in the procurement process, allowing the buyer to assess the finer details of suppliers’ proposals before moving on to an e-Request for Quotation or Tender.

An e-Request for Proposal will lay out the business objectives but not necessarily the precise product or service, and a buyer will expect to receive diverse responses from suppliers. These responses inform the buyer, allowing them to view the various solutions available before moving on to the next stage of the process.

Once the proposals have been received, the buyer will have the groundwork to put together an e-Request for Quotation or Tender, with the aim of awarding the contract to the supplier ranking highest once the quotes have been scored.

SourceDogg provides affordable, powerful and easy-to-use e-sourcing software that allows users to create unlimited e-requests: check out how it could be of benefit to your business.

Recommended Posts