Select and Evaluate Vendors

Enterprises are dependent on vendors to obtain IT hardware, software and services. The Vendor Management process includes the identification, selection, contracting with, and ongoing management of vendors or suppliers, and is an essential part of the IT management process.

Vendor Management has four steps:

  1. Plan the Purchase
  2. Identify Vendor Candidates
  3. Obtain Proposals
  4. Select the Preferred Vendor

When you have completed these steps, you will have a solid understanding of what actions you should take when selecting vendors. Unless otherwise described, most organizations should use the OptimizeIT tools in this section.

Vendor Management

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Steps Tools Related Research
FastTrack Activity Word Document Select and Evaluate Vendors FastTrack  
Prepare Solution Description Excel Document Purchase Requirements and Specification Checklist
Identify the Internal Approval Process and Criteria Word Document Purchasing Policy Template  
Prepare Selection and Evaluation Strategy Excel Document Purchase Strategy Tool
Prepare Vendor Selection Criteria Excel Document Vendor Selection Criteria Guide  
List and Evaluate Potential Candidates Excel Document Vendor List Validation Tool
Excel Document Vendor List and Evaluate Tool
 
Develop Purchase Documentation for Vendor Word Document Request for Information Template
Word Document Request for Quotation Template
Word Document Request for Proposal Template
Assemble Received Proposals Excel Document Proposal Receipt Template  
Evaluate Proposals Excel Document Proposal Evaluation Tool  
Examine Vendor Claims Word Document Supplementary Examination Plan Template
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