Vendor Selection and Procurement
Applying Decision Len's innovative process for decision making enabled our Technical Evaluation Committees (TEC) to focus on key business and technical drivers in evaluating vendor proposals. The committees were able to quickly and effectively discern major strengths and weaknesses in vendor proposals and consistently apply their logic in selecting the best vendor
Senior Director, On Board Systems.
Organizations often struggle with the vendor selection process (also called "source selection" or "acquisition"). An evaluation board is set up. The vendors are asked for information through an RFI and then an RFP, and the offerings are evaluated against requirements. The result can often be a sheet of checkboxes such as "meets" or "doesn't meet" for each requirement, with little insight into actual strengths, weaknesses, and value towards the group's priorities. Some of these questions may sound familiar:
- How can we drive better input and consensus from the evaluation team?
- How can we define our needs and make tough trade-offs among them to determine which vendor we should choose?
- How do we know if the vendor's price is justified by their benefits?
- How can we best defend the decision with senior management and with the vendors?
Best Value Selection Process
Decision Lens will bring you a best-practice approach that has been refined by our experts through hundreds of vendor selection decisions. Decision Lens experts were responsible for developing the government's "Acquisition Planning Center of Excellence". Contact us today to understand how Decision Lens will:
- Allow you to evaluate and compare the risks of each solution to the organization's goals -- the product's implementation and risks, technical approach, vendor support post-delivery, and past experience with the vendor among numerous other criteria that we customize with you for your selection.
- Drive consensus, and ensure the offerors are treated equitably through our group-based software platform that brings the team together to perform trade-offs, document comments, and evaluate the decision through "what-if" sensitivity analysis.
- Build confidence that the process is credible, defensible, repeatable, and transparent, with special tools for gathering strengths and weaknesses of each offering.
- Provide a thorough, documented decision process with extensive reporting capabilities so that you can communicate your decision to all of the stakeholders.
- Ensure that your final selection and budget maximizes your returns.
For more information on what our vendor selection solutions can do for your organization, please call us at 703-399-2100, or submit your information through our contact form and a company representative will contact you shortly.
