Posts belonging to Category 'Business Law'

Should You Really Use An RFP?

RFP or Request For Proposals are often seen as the default way to start an outsourcing project and getting an idea of which vendors are likely to be useful to you. The downside is that RFPs tend to make sourcing advisors a nice profit while delaying the project and defocusing the link between the original intention and the solution which was developed. An RFP should definitely be considered and they can be the right answer in many cases, but if blindly used without thought they could actually be harming your business.

The RFP Dilemma

Whether or not to RFP may seen like a stupid question since the RFP process has been around for a long time and is obviously working to some extent. Many companies see the RFP as a good way to establish some leverage in negotiations and maximize the purchasing power over suppliers and ultimately get the best deal when bidding ends. The idea that because RFP’s have worked in the past that they are still the best mechanism is based on acceptable previous outcomes when using them. It’s possible that much improved outcomes could arise from using a different process but the idea has never arisen. If your client needs help along their outsourcing journey that’s fine but an RFP may not be the way to do that to best effect.

RFP - Has upsides

The RFP process is often used because of the things it can offer. A quick online search will show you some of them:

Highlighting to suppliers that your procurement requirement is real and they should consider it fully

It makes sure you’ve properly done the requirements analysis and lends itself to clear identification of necessary tools and equipments that will need to be purchased

It let’s suppliers know that there are other players in the select and it’s therefore a competitive process

It enables a good spread of distribution and attention

It prompts suppliers to ensure their responses are based on facts and address the detail of the requirements

Using a standardized process ensure no concerns of impartiality

In full knowledge that it is a competitive bidding process, the suppliers are more likely to provide a price and terms that actually stand a good chance of winning and progressing them to the next phase of submissions. The different submissions will also give the client something to compare each one with and to ensure that they have communicated their requirements in a clear manner that allow suppliers to provide them with a solution that will properly address the issues they are targeting.

So there are definitely benefits and these can be very powerful but in reality are usually insignificant when compared to the disadvantages that the RFP process also has.

Minimum Cost + Great Terms ? Optimal Deal

Making the decision to move forward with a supplier based on cost is often a mistake and even when you think you’ve got a big supplier onboard for a cost lower than you expected, you can usually expect to received the B-Team when their people turn up. They always factor in the size of the opportunity and for every little they give up in the RFP process to keep you happy, there will be a counter-balancing factor that gets them something in return. Your sourcing advisor needs to be experienced and know which candidates are likely to wiggle out of what you thought was agreed in their bid to make sure they get maximum profit from you.

Quite often the client will be led down a path that is already clearly established and with the intention to use a particular supplier. This means that their trusted sourcing advisors could be happily charging them for time and effort responding to RFPs when there’s actually no need at all. This introduces time delays and opportunity costs as the client wastes time that could have been spent moving their project forward following poor advice to respond to RFPs which ultimately will not be considered. The whole process can be costly and time-consuming because the different parties involved are focused on how they maximize their slice of the action rather than getting the client an implemented sourcing strategy. The big players even account for this and won’t respond to and RFP unless it’s over a certain size and they are clear that they can make a good profit from spending that time on it.

Ignoring the importance of experience and real world knowledge of how the engagement process should be done can be a dangerous path to follow, but many times the people writing the RFP and even their advisors have never actually completed the process previously. They read about it and they try to force best practice into an environment which may not support it. They don’t understand the commercial risk that large engagements can bring with them and they don’t understand how to spread that risk fairly among the participants. The right advisor will be on top of everything and will have their eye on strategic and commercial levers such as value creation, transparency, strategy, governance and vision.

The final problem with the RFP process is that it often ignores or reduces the impact of the existing relationships that the client has with suppliers. Much like a dating show, just turning up to see which hopeful candidate can say the right thing today when you already have a great relationship with someone else can be more harmful than helpful in your overall business strategy. Supporting and nurturing supplier relationships creates better partnerships, treating everyone as equal and checking tick boxes to pick a winner can get you the wrong supplier.

So RFP processes get these relationships off in an adversarial and confrontational way which is nothing like you really want to foster when your business is tied to that of the people you’re engaging.

Conclusion - Trust And An Experienced Advisor Are Key

Your sourcing advisor will make or break the success of your outsourcing project. Choosing an advisor with experience and understanding of all aspects of outsourcing - buying, selling, advising, and legal considerations is crucial. They need to have delivered a sourcing strategy successfully in the past.

The wrong advisor will use the RFP process to ensure they pull a healthy profit from the relationship with you, so if you do opt for the RFP process make sure that you get the right advisor who will be looking to get you the best result in as short a time as possible.

Make sure that you involve your advisor early on in the process as the decision to outsource is often taken too early or necessarily and your advisor will be able to spot if it doesn’t make strong commercial sense.

Learn more about strategic sourcing. Stop by Elix-IRR’s site where you can find out all about Outsourcing Consultants and what they can do for you.

How To Find Court Reporters

When a person is forced to provide a disposition or other proceeding. The use of court reporters will be of massive importance to the person having an experience that will either be pleasant or one that will be a nightmare. Knowing exactly what to look for will help to allow a person to make a wise decision that will give them a pleasant experience.

When making this decision many times it if for an item like a disposition or other event in their life. It is because of this that you will need to make this decision very carefully and ensure that you are getting the right person for your needs. This list will help you to ensure that you are making a wise decision.

If you are looking to use one of these to help with the taking of a disposition. Then you need to look for a few basic things that will allow you to make a decision that will allow you to make a decision that is right for you. These tips are designed to assist a person in the decision making process, and remove a lot of the stress that is often times associated with this process.

If you need to go from one to another in order to get the needs taken care of, then you are not dealing with a professional reporter and this will often times lead to the person becoming frustrated in their efforts to get an effective reporter that can service all of their needs without having to involve other people.

The next thing that you need to look at is to make sure that the service provides support staff that is able to assist you with any issues that arise in the course of your process. This can often times be something that a person will tend to overlook and not think about when it comes to their needs. This will in the long run help to make a persons experience a lot easier.

If a problem arises, do they have staff that are able to help assist in the problem and lead to them finding a solution that will be effective for you and your needs? If there is no staff to little in place, then this is a sign to steer clear and avoid them at all cost. If they are fully staffed, then you are dealing with a person that will provide you a decent amount of work for your money.

The quality of the transcript will be the biggest thing that you need to make sure that you consider when it comes to getting what you need and what you pay for. You are under enough as it is already, you do not need to add to the situation by having to worry about the quality of the work that is performed. Having a person that delivers top of the line quality is as important as anything else.

These tips are the biggest things that you need to make sure that you consider carefully before accepting court reporting services. This can be as easy and smooth of a process or as complicated and difficult as can be. It will be up to you doing your research and making sure that you know what you are doing that will make all the difference.

Finding the best court reporter DC is crucial to succeeding in the legal community. From real-time reporting to streaming live videos, our superior court reporters New York provide stellar documentation, information, and consultation to all clients.

The Legal Recruiting Service You Need

As a lawyer, you’ve got a lot of plans in mind regarding your career. Nevertheless, deep inside, you’re dumbfounded if you could do it and make all of your plans take place. And because applying for a legal job in a firm is not a simple task to accomplish, you could perhaps think about being employed through a legal recruiting firm. The process will fast track your employment.

The legal recruiter inside a recruiting agency will surely expose your capabilities, credentials and potential to a number of job openings in various business centers and law firms. Because both of you have the same objective, that is, for you to get a job quickly, you ought to remember that it is ideal that you work harmoniously with each other.

The instant you take into serious consideration that you will acquire the services of the legal recruiter, it is valuable that you care to follow these simple but effective suggestions. These suggestions will help you find the most qualified legal recruiter in the field without having so much difficulty.

It is quintessential that you have to deliberate well the legal recruiter you are going to choose. You should bear in mind that you will turnover your career and your future to whomever you select. Probe further the legal recruiting agency you are going to tap to help you grab the job you desire.

Make it certain that the firm will provide you with a legal recruiter who is good and who has been on the area for a relatively good time. It’s significantly recommended to look into the track record of the said recruiting agency. The firm should have a great status in the industry so that you will certainly be recommended to major businesses.

Also, as you talk to the prospective legal recruiters, it is necessary that you should spot or be wise enough to notice who among them you find comfortable talking to. This is significant because healthy relationship with constant communication is the key to achieving both your goal which is to get you a job. Remember that it will be difficult for a legal recruiter to market you if he does not entirely know you. He should be aware what your dreams, priorities and career goals are.

The moment you already have legal recruiter, you must be able to determine whether or not the recruiter spends a significant time making calls. By this sign alone, you will be able to know if he is dependable, and what you have to pay is really worth the while.

The legal recruiter should also specialize in a specific area and not the one who is everywhere in the country and most probably, a “know-it-all” individual. A legal recruiter who specializes in a specific area would mean he has an expertise and total knowledge regarding the business enterprises around the spot. For that reason, he can immediately recommend you to some highly regarded businesses. Within the same method, your name is going to be one of the employer’s top listings of applicants.

The last but very important reminder that you have to follow is your gut feel. If you have a bad feeling of the recruiter during the first day of your encounter, do not acquire his legal recruiting service.

You need some legal recruiting to provide you some guide where to find jobs of your dreams. You definitely need immediate assistance with the rising rate of employment. Or you may try Lawyer Recruiter.

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