In the digital economy, the pace of doing business has undergone what can only be called a ‘paradigm shift’. Business practices are more sharply focused, more on-the-point and fast, and both time and money are expensive commodities. In this scenario, the age-old practice of RFPs, or Request for Proposal, is completely outdated and outmoded.
Yet, way too many businesses are still hanging on to it! It’s time to put the dinosaur to bed. This infographic explains, with crucial data, why companies with RFP are losing the race, and discusses strong alternate solutions.
The Outdated RFP:
Infographic by – Semarchy