RFPs & Reverse Auctions OLD

Use of electronic RFPs & RFQs to optimize savings in collaboration with Key Internal Stakeholders can yield incredible benefits to an organization. Goal is to reduce cost & supply risk; while maintaining or enhancing service, quality, sustainability and Diverse Supply goals.

Stakeholder teams are formed; and include colleagues from key functional areas of the organization. Their input is critical in achieving operational efficiencies and savings.

Specific functional areas to include may vary, depending on the commodity, service, or capital item(s) to be sourced. “Core Team” Stakeholders include decision makers from Engineering, Operations, Supply Chain, and Finance. This collaborative approach will assure alignment of goals, resources, and risk mitigation.

Additionally, an “Extended Team” is identified to add resources as needed throughout the project.

Other functional areas may include Legal Counsel, Customer Service, Demand Planning, International Tariff Department, etc.

Project Sponsors include two or more members of Senior Leadership.

Calls are held weekly with the Core Team members to review progress, risks/ barriers, and to align on resource needs and next steps. Stage-Gate presentations are held every 3 weeks to report status to Project Sponsors.