Take the guesswork out of researching new software with Template RFPs for Retail
Do you start every project with a blank sheet of paper? What if you could begin with a template to jumpstart your research on new technology?
The process to acquire new technology and creating a request for proposal is expensive. You know the functionality you want but you may not know all the requirements you should be looking for. If your document has overlooked key requirements in the features and functions section, this can lead to project changes that can be even more costly to your company in the long run. Template RFPs shorten the time retailers spend researching new applications, and allow them to focus on finding the best software for their requirements.
These templates were created by members of ARTS (now the Retail Domain Task Force of OMG), which is comprised of retailers, consultants, and vendors of retail technology. The templates come in two parts: a sample master agreement that gives tips on contracting, and features and functions documents that can be easily sorted and edited by your team. All documents include guidance for where ARTS/RDTF standards should be required as well as extensive domain glossaries.
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Master Agreement for Standard RFPs
[retail/18-01-01] - Offers guidance for scheduling and managing the RFP process, formatting vendor response documents and negotiating contract terms and conditions. Presented in the form of an instruction guide for the retailer to modify to their specific requirements; to be sent to all vendors with the relevant Functional Requirements section (below).
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Business Intelligence
[retail/18-01-02] - A comprehensive list of functional requirements for selecting a Business Intelligence application to leverage available information for tactical and strategic analysis purposes, improve information analysis capabilities and productivity while providing a roadmap for execution.
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Cloud Computing Solutions
[retail/18-01-03] - A comprehensive list of features and functions to help retailers evaluate cloud computing solutions specifically for retail. Topics include security, reliability, migration and monitoring, to name just a few.
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Distributed Order Management [DOM]
[retail/18-01-04] - Features and functional requirements to support order fulfillment in an omnichannel world. DOM systems differ from traditional order management by supporting order fulfillment from optimal locations with the objective of balancing the use of inventory, customer satisfaction and retailer costs.
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LP Exception Reporting
[retail/18-01-05] - A comprehensive list of features and functions to offer guidance to retailers to select reporting software as a tool to identify discrepancies or unusual events in order reduce shrinkage due to theft, fraud, and administrative error.
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Master Data Management
[retail/18-01-06] - Features and functional requirements to help retailers select applications to manage master data - a set of core data elements and their associated attributes and properties such as products, vendors/suppliers, locations (e.g. store, distribution center), customers, merchandise hierarchies, financial accounts, etc., that span enterprise IT systems and drive the business.
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Payment Solutions for Retail
[retail/18-01-07] - A comprehensive list of features and functions to help retailers evaluate payments solutions for their business. Topics include payment architecture, security, and fraud management.
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Point of Service [POS]
[retail/18-01-08] - An exhaustive list of features and functional requirements to guide retailer research and selection of POS systems, including software and hardware. Includes special sections for food service and forecourt (gasoline) retail and a glossary.
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Price Optimization
[retail/18-01-09] - A comprehensive list of features and functions covering the requirements for the Price Life Cycle from new item pricing through final clearance pricing, and includes the functionality needed for pricing promotions, markdowns, optimization and demand forecasting.
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Signature Capture and Online/Offline Debit Solutions
[retail/18-01-10] - Covers the specifics of signature capture devices and associated software, as well as online/offline debit card processing and other functions often presented as features of these devices including: electronic pin pads, customer displays and credit card readers.
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Video Analytics Solutions for Retail
[retail/18-01-11] - An exhaustive list of features and functions for software that allows computers to identify things of interest in a video feed such as perimeter monitoring, license plate recognition and people counting, without an operator having to view the video.
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Warehouse Management Systems
[retail/18-01-12] - Features and functions for tools to manage and control the processes in retail logistics operations, from vendor delivery scheduling, to pick and shipping to stores
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Workforce Management Software
retail/18-01-13 - The features and functions for applications to ensure retailers have the right quantity of staff, with the right skills, at the right time. Areas covered include payroll, time and labor management, as well as new employee onboarding and task management.