Developing a Vendor RFP (Request for Proposal) Consulting Service

Better RFPs result in better responses from vendors. Business systems application software functionality is typically provided by custom built and/or vendor product solutions. Business systems requirements are a prerequisite to both types of solutions.

Business systems requirements for a vendor RFP vary from a custom build solution in two important ways – scope of the requirements to include in the RFP and the specificity and level of detail of each requirement:

The purpose of a vendor RFP is to provide an objective basis for selecting an appropriate vendor and their solution to support your requirements. Accordingly, in addition to business systems requirements, a vendor RFP typically includes additional components to enable vendors to provide an objective response to the RFP.

Developing a vendor RFP is accomplished in weeks rather than months!

Consulting Approach and Deliverables

Working with your team, we provide our deep analysis experience and expertise, including best practice tools, techniques, and methods, to facilitate high-intensity, short-duration, sprints that rapidly and accurately identify, analyze, and specify applicable business systems requirements – at the right level of detail to include in your Vendor RFP.

Deliverables include:

Business systems requirements at the right level of detail for a Vendor RFP.
A comprehensive glossary and definitions of terms and concepts associated with the business systems requirements.
Other vendor RFP components, as applicable to include in the Vendor RFP.
A best practice template for developing a Vendor RFP

Who from your team should participate?

Developing a vendor RFP typically includes a balanced mix of Subject Matter Experts (SMEs), business analysts and systems analysts, developers (associated with the in-scope business systems), supervisors and managers and other stakeholders with knowledge of the business space.

Related Inteq Resources

Blog Post: Business System Requirements: Custom Build vs. Vendor Product.

Blog Post: Business Systems Analysis Tools

Video: The 5 Essential Business Analysis Questions

Training Course: Business Systems Analysis