Entrepreneur Plus - Short White
For Subscribers

Is it Time to Say RIP to RFPs?Businesses have better ways to find the right partners.

ByHeather Ripley

Opinions expressed by Entrepreneur contributors are their own.

In a world where personal touch matters, why are businesses still using an impersonal, fill-in-the-blank method to find the right vendors?

Companies that rely on antiquated Requests for Proposals (RFPs) to find the vendors they'll need to rely on daily are making their decisions in the dark. The proposal might look good on paper, but what are the personalities of those who will be servicing the account? What kind of experience do they have?

Why should any business put their trust in a partner without knowing anything about their true talents and experience? It's way past time to put RFPs on the shelf or kill their use outright.

This is a subscriber-only article. Join Entrepreneur+today for access

Related Topics

Business News

This State Just Replaced New York as the Country's Second Most Valuable Housing Market

A recent report by Zillow found that Florida has edged out New York as the second most valuable housing market in the U.S., while California is still No. 1.

Business News

'Not Much Financial Education' — Yet Millennials Have Boomers and Gen X Beat When It Comes to Retirement Savings. Here's Why.

千禧一代可能拥有更少的房屋和make less money — but they're on track for a better retirement.

Buying / Investing in Business

Ampere Is Delivering the Biggest Innovation to Eyewear in 50 Years

You have the chance to join them as a shareholder as they take on this $160B market.

Business News

Two of Amazon's Most Popular Prime Features Might Actually Be Illegal

Among the practices under scrutiny by the FTC are Amazon's "Buy Now" button and the shipping component of Prime.