Government supply chain management is a multi-faceted, involved process – including the handling of RFIs, RFPs, and RFQs. Supply chain RFx management responsibilities may include accumulating vendor proposals, collecting quotes to compare vendors and contractors, establishing a database of vendors and contractors, signing off on approvals before selecting them, managing contracts, and much more. Handling these different tasks with separate manual processes can make for a disorganized approach that can potentially lead to lost opportunities, supply chain lifecycle bottlenecks, improper vendor and contractor selection, wasted time, and revenue loss. Luckily, integrated contract management software solutions can help. Here are three ways to improve government supply chain RFPs.
Insufficient, disorganized supply chain management makes it difficult for federal, state, and local government agencies to navigate the supply chain contract lifecycle smoothly. Without an adequate supply chain contract management process, organizations can face various challenges and risks. This article will discuss seven tools from Contract Insight® that can help.