Creating an RFP for your ERP Project

Creating a request for proposal (RFP) is one of the most critical steps in your ERP implementation project. Statistics show that 60% of ERP projects fail to achieve their goals, therefore it is crucial to set the tone for the success of your ERP project early on.1 An ERP RFP communicates your specific needs and goals to ERP vendors and implementation partners, requesting them to send you a customized proposal that articulates how their product meets your specific needs.

This guide will discuss in detail:

• What an RFP is
• The difference between RFP, RFQ and RFI
• The information that must be included in an RFP
• Considerations when preparing for an ERP RFP process
• Steps to get started on the RFP journey
• Common mistakes that companies make during the RFP

process

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What's inside.

3 What is an ERP RFP, and How Does it Differ from RFQ and RFI?

4 What Should Be Included in an RFP?

6 Considerations When Preparing for an ERP RFP

8 Steps to Get Started on Your RFP Process

10 Pitfalls to Avoid for a Successful RFP Process

12 Conclusion 3

What is an ERP RFP, and How Does it Differ from RFQ and RFI?

• Request for Proposal