Through the collaborative efforts of all Biocom member companies, we will work to continually improve the total quality and reduce the overall acquisition costs for products and services required by our internal and external customers. Our ultimate goal is to provide members with the collective purchasing resources needed to effectively support the successful growth and development of our respective organizations.
The Biocom Purchasing Group RFP is the method used to vet and exclusively endorse our Platinum Suppliers. It is one of the most critical elements of our business model and relies heavily on the expertise and time commitments of key individuals from our member companies. Below is a summary of the RFP process that results in the selection of an endorsed provider.
The RFP process starts with the selective recruitment of an ad hoc committee comprised of talented and experienced individuals from member companies of all sizes and across all industries. Key Biocom members with technical knowledge and procurement expertise in the particular RFP field are invited from small, mid-size and large companies. The general framework of the RFP process includes three in-person committee meetings, depending on the product or service being reviewed. Over the course of the meetings, the committee develops a list of eligible candidates and an in-depth questionnaire, requests product or service trials, runs a competitive analysis, conducts site visits and reviews results from routine member surveys. Using many or all of these as tools, the committee pares down the group to two or three candidates that will present their offering in a formal setting. The process can last anywhere between 3 to 6 months depending on how much due diligence the committee feels is necessary before a conclusive decision can be made.
As part of our continued efforts to strengthen the Purchasing Group, each of our five Advisory Committees help oversee the competitiveness of our current contracts, share feedback and advise us on new business opportunities. Our ad hoc RFP committees are comprised of key individuals with technical knowledge & procurement expertise from member companies of all sizes and across all industries. The general framework of the RFP process is decided upon by members of each individual committee and typically spans 3-6 months, depending on the product or service being reviewed.
Here at the Biocom Purchasing Group, we try to look past the savings we provide and work towards strengthening the parts of the organization that members can’t always see: contract compliance and quality control. We have created some new systems to better vet our contracts and improve upon the quality procedures needed to ensure our contracts and our suppliers are best in class. To learn more about our Member Advisory Committees, Supplier Audits for Quality Control, Formal Member Feedback System and Improved RFP Process, click PG_Compliance Systems.pdf.