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Quality Service/product
Credibility
On-time delivery
Cost effective.
The analysis of the Vendor must depend of the services you have sought from the party. The vendor could be offering umpteen number of services across the clientele. What matters to you is only has he delivered on your requirements - Qualitatively, Timely and Cost efficiently. If these have been met and the services are supported with a very responsive attitude with strong customer service relationship and a capacity to handle risks if any on the nominated job without jeopardizing the core services and rates, then you can consider your vendor worthwhile. Shortfalls in any of the above discussed, lowers the reliability of your vendor.
Performance of Vendors can be determined by the below parameters:
1-Good knowledge of system control
2-good communication with start up team
3-good plan for mechanical completetion
1) Quality of the Product
2) On Time Delivery
3) Product Sustainability
4) Better Price
1. Timely deliveries
2. Competitive pricing without compromising on quality
3. Offer innovative products and ideas
Vendor selection and evaluation plays a vital role for the success of any business.
There are multiple parameters to determine the vendor performance, however very important among them are:
1. Sourcing and deilvery of Quality products at the right time.
2. Supplying at the best price "Total cost of Owbership".
3. Desire to do business approach "Long lasting relationship".
There are multiple parameters based upon which vendor performance can be determined. Starting point is to list down the key parameters important for your company / requirement. Once the key points are listed, then to compare vendor performance against each points and to rate them. Listing down some of the key points as a general note:
1). Past performance in similar size project,
2). Customer references
3). Commitment and associated SLA
Performance of Vendors can be determined by the below parameters:
Delivery Timing
Quality of the products
Accesability
Clear information on the products & services provided
