Quantitative Vendor RFP Response Evaluation

Quantitative Analysis Benefits

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APES/INFORequestor provides powerful abilities to analyze vendor RFI/RFQ/RFP responses from multiple perspectives simultaneously, enabling a very detailed quantitative analysis. Examples would be:

overall priority system-wide
importance (weight) of one operating procedure (function) versus another
how readily it can be implemented
financial impact

       The quantitative analysis techniques utilized by APES/INFORequestor RFP software are database-driven, which offers many advantages over spreadsheet or flat-file based methodologies. These techniques are based on a set of detailed mathematical procedures that accurately determines the impact a proposed system will have on your organization, and to accurately compare one proposed system to another, even though hundreds of variables may be involved. In short, quantitative analysis is a consistently performed, unbiased mathematical evaluation of how vendor responses to hundreds of individual RFP questions will impact your organization, based on your actual operational priorities. This ensures nothing is overlooked, and that all vendor proposals are treated impartially. When compared to the subjective process of making a judgement call based on a short demonstration, APES/INFORequestor's multi-dimensional quantitative analysis has definite advantages.
       APES/INFORequestor RFP software utilizes a very detailed and flexible weighted grade point scoring system that operates at the individual RFP question level as well as at the business procedural levels. Known as Suitabiltiy Analysis^™, this user-defined, parameter-driven weighted grade point scoring system is unique to APES/INFORequestor. Although APES/INFORequestor comes packaged with thousands of pre-loaded questions, you always have the ability to designate the question format, the possible answers, and the score to assigned to each answer when it is used. Suitability Analysis^™ gives you absolute control and flexibility when evaluating a proposal's suitability to your operational needs.
       How an RFP is formatted and organized determines how compatible it is with quantitative analysis techniques, and that is what separates a jumbled mass of questions from a true RFP (Request for Proposal) that will help build a solution!
An intelligent RFP generated by APES/INFORequestor, known as an i-RFP^™, supports a fully quantitative system for analyzing suitability to your organization's needs, and many standard financial ratios, utilizing a fully user-definable set of controls. This speeds up the entire process of analyzing vendor responses and ensures the BEST one is chosen!

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