RFP / RFQ Management

Sourcing decisions have a significant downstream impact on the performance of a technology organization. Finding the right balance between cost and capability pays significant dividends, but can be a difficult decision without an objective analytical process.

There are many reasons why a Request for Proposal (RFP) or Request for Quote (RFQ) can result in a poor selection, but the most likely culprit is a lack of objectivity in the process. TCE has a well-defined process for vendor and product sourcing that converts criterion defined by key stakeholders into numerical values, which serve as inputs into an objective, formula-based analysis of the prospective solutions. Ultimately, the final selection is in the hands of the key stakeholders, but our RFP / RFQ Process ranks the respondents and enables narrowing the field of finalists to those solutions that have the best chance of meeting the business needs.