Creating an RFP for your ERP Project

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 ebook 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

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

• Request for Proposal

When your company is in the selection process for an ERP system, a request for proposal (RFP) is used to communicate your specific needs and objectives to ERP vendors and implementation partners—with the aim of requesting a customized proposal based on your needs and goals. The responses you receive to the RFP should highlight how the vendor's solution will enable your firm to achieve your set goals and objectives.