RFQ & RFP Management

Challenges in RFPs Management

Distributing, collecting and analyzing RFPs (request for proposal) are essential aspects of strategic sourcing, tender management and negotiation. Traditional methods of facilitating this process have been time consuming and labor intensive. Typically, the RFP process has involved costly and repetitive steps, paper intensive procedures and burdensome data collection and analysis techniques. While informed sourcing decisions require procurement professionals to survey and assess data from multiple sources. These tender management specialists often are forced to cut this process short when administrative constraints inhibit them from collecting and analyzing this data in a timely manner.

Once RFPs are granted and production launched, another challenge is also to ensure an effective specification management. Specification consistency is key all along the product lifecycle. From RFP to first production and then to changes, collaboration between suppliers and retailers must handle specification management accurately. Impacts while product specifications changes are either too time consuming for retailers when changes are marginal or not checked appropriately in case of a major change. Impact management should also be considered in specification management and request for proposals.

A Solution to Optimize RFP Management

 

Optimize RFP Management

To streamline RFP management processes project screening is essential. Therefore, stage-gates have to be timely managed with Gantt charts while scorecarding needs to be utilized to rank products. Lascom CPG provides tools to structure tasks and dispatch them to the various stakeholders.

Tender Management Software

Businesses using advanced sourcing strategies such as tender management software are positively impacting product development cycles and building stronger supplier relationships by making better, more informed decisions. They are also driving innovation and are saving more money than their competitors.

 

 Benefits

Generate and
edit your RFPs

Easily gather
information

Reduce RFPs
process periods

Empower your
suppliers

Success Stories

  • Bolthouse Farms

    Bolthouse Farms

    Bolthouse Farms is North America’s market share leader in growing and distributing fresh-cut carrots and offers ‘all things carrot’, including... Read more »
    Read more
  • Maple Lodge

    Maple Lodge

    Maple Lodge Farms increases productivity, shortens product development cycles, and reduces risk with Lascom CPG Solution Maple Lodge Farms (MLF)... Read more »
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  • Poultry leader

    Poultry leader

    France’s largest chicken products and chicken based products processor and distributor, employs more than 16 000 people all around the... Read more »
    Read more
  • Artenay Bars

    Artenay Bars

    Artenay Bars is the leading French manufacturer of cereal bars and muesli in the private label market. The company has an... Read more »
    Read more
  • Yoplait

    Yoplait

    Lascom solution helps YOPLAIT achieve faster product development times Dairy manufacturer Yoplait selects Lascom's CPG Solution to reduce product development... Read more »
    Read more
  • LACTALIS

    LACTALIS

    To meet new food regulations and increase productivity CPG solution from Lascom helps Lactalis meet new food regulations and increase... Read more »
    Read more
  • Bolthouse Farms
  • Maple Lodge
  • Poultry leader
  • Artenay Bars
  • Yoplait
  • LACTALIS

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