Traditional vendor selection processes can be slow and inefficient. In today's fast-paced world, leveraging modern tools and collaborative approaches can lead to better decisions faster.
The internet, AI, and social
networks offer a wealth of information about vendors, their solutions, and
customer experiences. This readily available knowledge, combined with direct
engagement with existing vendor customers, provides a more accurate and comprehensive
understanding than lengthy, formal RFP responses. This approach saves time,
improves efficiency, and leads to superior decision-making.
When you adopt a more agile
evaluation process, vendors also benefit. They save time and resources, which
they can then reinvest in their products, people, and customer relationships.
JITDE™ is a collaborative approach
that prioritizes interactive dialogue and ongoing research over extensive
paperwork and intermediaries. It's designed to accelerate and optimize your
vendor decisions by:
The result of this comprehensive diligence is that only two or three of the most viable vendor candidates receive either a Brief (an abbreviated RFP) or a traditional RFP. The final recommendation is then made through an accelerated evaluation and selection process, often involving intensive 3-day, onsite vendor summits.
Capability Thinking® is a transformative organizational
approach that enhances performance and value. In the vendor selection process,
it enables business capability teams to accelerate decision-making and speed
solutions to market, while reducing or eliminating wasteful, time-consuming RF
activities such as: