Why Do We Still Do RFPs?

50 sec read

Requests for Proposal are outdated, yet 95% of companies still rely on this process to meet new vendors. Though woefully unsuited for modern business operations and the demand for fast solutions, many businesses are at a loss for a better alternative. Project management professionals say that among their strategic initiatives only 60% met the project goals, 42% failed to recoup the allotted project budget, and 28% are deemed outright failures. Traditional RFPs ignore the innovation of startups, despite their creative solutions, by requiring bidders to specify how long they have been in business. Businesses below the threshold are often disqualified…...

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Brian Wallace Brian Wallace is the Founder and President of NowSourcing, a leading infographic design agency in Louisville, KY and Cincinnati, OH which works with companies ranging from startups to Fortune 500s. Brian has been named a Google Small Business Advisor for 2016-present.