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BizReport : White Papers : Finance
The Surprising Fragility Of Procurement Decisions
Procurement teams pride themselves on running strong, defensible processes and selecting compliant and high-value suppliers. But what if there were hidden weaknesses lurking just below the surface of most RFP or bid award decisions?
What if seemingly innocuous factors – like proposal structures, criteria weightings, evaluator dispositions, or the time/day of evaluation – are skewing your final decisions?
In a recent webinar session, we presented to public procurement leaders about:
- key drivers of decision fragility, as identified by Bonfire’s $12 billion of RFP/bid data
- simple strategies to mitigate procurement pitfalls
- how modern procurement platforms can help procurement teams streamline the RFP/bid process
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