A Guide to Short-Listing Vendors for RFI or RFP
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Overview: Clients are looking into the marketplace more often nowadays to buy a product or solution, rather than building it on their own. So the vendor evaluation process is getting more and more important. This process starts with short-listing a set of vendors for RFI or RFP. There are numerous vendors in the marketplace with different strengths and weakness and it is very difficult to figure out whom to include in the initial list. Cost of failure is very high as early omission of any unexplored vendor may cost a potential best fit candidate. This means clients must carefully plan and execute the process of analyzing the current vendors in the marketplace and follow a proven methodology to shortlist the candidates.