What is the most effective way to structure a Request for Proposal (RFP) to convey exactly what a Purchaser wants to be conveyed and to avoid potential problems in the future?
The most effective way to construct and structure an RFP is to thoroughly itemize all tasks that are to be completed by the OEM Supplier and the expected transaction volumes in great detail. The great amount of detail is necessary because if a Supplier bids on an RFP that contains incorrect or unclear tasks or expected transaction volumes, the Purchaser will have to use often-precious time to negotiate further with the OEM Supplier than would otherwise be necessary.
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