You wouldn't buy a car based on a dealer's sticker price alone. So why do company spend hundreds of thousands or millions of dollars with a supplier when the only market intelligence they have is the results of an RFx. Procurement and sourcing is evolving. Companies can't get away with expecting a generic RFx process to be the end-all-be-all to getting the best supplier at the best price. A lot of things can impact price; raw material costs, natural disasters, supplier capacity, supplier capabilities, service levels, political stability, currency and the brand name of the supplier itself (just to name a few). Unfortunately, an RFx alone doesn't root out all of these cost components, especially for indirect categories like professional services.
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