Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
    car expense data analytics
    Data Analytics for Smarter Vehicle Expense Management
    10 Min Read
    image fx (60)
    Data Analytics Driving the Modern E-commerce Warehouse
    13 Min Read
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Should the RFP Die? Probably. Will it? Probably Not.
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Commentary > Should the RFP Die? Probably. Will it? Probably Not.
CommentaryInside Companies

Should the RFP Die? Probably. Will it? Probably Not.

maggiefox - Social Media Group
maggiefox - Social Media Group
0 Min Read
SHARE

RFPs davidking 300x224 Should the RFP Die? Probably. Will it?
<span id=

RFPs davidking 300x224 Should the RFP Die? Probably. Will it? Probably Not.Colleague Todd Defren posted yesterday his wish that the RFP would “Die, Die, Die!” He kindly linked to the Social Media RFP Template, noting that we’d likely helped to make the process a little easier, though not necessarily shorter.

Todd’s main argument was that RFPs take too much time and energy – they’re a huge time-suck, largely because the folks issuing them don’t know, or don’t bother, to make sure they’re asking the right questions. He asked if there was a better way. Could RFPs be reduced to ten simple questions? could they be done away with altogether?

Time-suck, poorly written RFPs were the primary reason we issued the first Social Media RFP Template in 2010. That first iteration was comprehensive – we wanted to ensure that anyone issuing an RFP didn’t have to be a social media expert in order to be able to get quality respondents and find the right partner. The problem? It was too comprehensive – too long, too detailed, and in many cases clients were just cutting and pasting the whole thing, without thinking about what they actually needed. We might possibly have made it worse.

More Read

Webinar: The Art of Giving Up Control
HD Voice and the Future of Voice Communication
SAS Aligns Marketing and Customer Intelligence
Taking Measurement of Your Measurements
Data Privacy: the Creepy vs. the Terrifying

So we started again. This time, we dramatically shortened the RFP, and broke the questions into two sections – RFP response questions and in-person presentation questions. We also added an “RFP Bill of Rights”, to set the stage, and released the new template in December of 2010:

RFP “Bill of Rights”
In every sense of the word, responding to an RFP should be a partnership. You (as the issuer) are offering an opportunity to win new business. They (as the respondent) are investing in that opportunity with no certainty that their investment will pay off. As a client, you do have obligations to vendors who respond to your RFP. The following “Bill of Rights” is intended to encourage fairness and acknowledge this investment and the mutual respect that should be observed in all business relationships.

I will not issue an RFP “Cattle Call”. Issuing an RFP to more than six or seven agencies is overkill. Instead, identify agencies you would like to work with and be selective in whom you invite to respond. Fifteen or 20 responses are too many to be able to truly judge relative merit, and it’s wrong to ask agencies who are not a good fit to waste valuable resources on an RFP they are unlikely to win.

I will be thoughtful. This and other RFP templates are intended to provide guidance, but don’t simply cut and paste the contents. Think about what you actually need and edit accordingly. Information overload will only winnow out quality agencies that are too busy to wade through all the unnecessary details.

I will do my own homework.
Asking agencies to identify their own competition is only going to get you two things: a list of second-tier competitors that is of dubious value and respondents annoyed that you essentially asked them to undermine their own competitive advantage.

I will be flexible. Yes, we know you have a timeline. We also know (even though you might not) that it is going to slip. Don’t ask vendors to meet your timelines or else. There are significant cost savings in being able to book flights in advance (and you want an agency that keeps an eye on the pennies, right?). Give respondents at least a week’s notice and be flexible in your dates.

I will keep you updated. Nothing is worse than the “black hole”. A response is prepared at great effort, submitted and… crickets. Let respondents know that their RFP has been received, and what the next steps are. When the dates slip, let them know that, too. They put a lot into their submission – show them the respect that this effort deserves.

I will give you feedback. You can’t win ‘em all – any agency team who responds to RFPs knows this well. What they don’t know (magic crystal balls being in short supply) is why they didn’t make it to the next round or win the brass ring. Acknowledging vendors’ efforts and letting them know why their response didn’t meet your needs helps them improve, and is more than a fair trade for the cost and effort invested on their part. It also ensures good feelings – you never know what your needs might be next; maintaining good vendor relationships is good business.

At the end of the day – are RFPs ideal? No. Do clients often ask for “free ideas” as part of the response (sadly, yes). Is there any liklihood that a typical RFP could be reduced to ten questions, as per Todd’s post? Perhaps in some cases, but I also think mutual respect for effort invested and some tools to help guide clients will also go a long way to reducing the time-suck that a poorly written RFP can so often be.

What do you think?

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics for pharmacy trends
How Data Analytics Is Tracking Trends in the Pharmacy Industry
Analytics Big Data Exclusive
ai call centers
Using Generative AI Call Center Solutions to Improve Agent Productivity
Artificial Intelligence Exclusive
warehousing in the age of big data
Top Challenges Of Product Warehousing In The Age Of Big Data
Big Data Exclusive
car expense data analytics
Data Analytics for Smarter Vehicle Expense Management
Analytics Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

That Wall Dividing IT and Users

8 Min Read
Image
AnalyticsCloud ComputingCommentaryData MiningExclusiveMapReducePredictive AnalyticsRisk ManagementSentiment AnalyticsText Analytics

Text Analytics for Tracking Executive Hubris?

5 Min Read

What is Social Media Research?

3 Min Read

How Open is Too Open?

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?