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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:
- Plan the Purchase
- Identify Vendor Candidates
- Obtain Proposals
- 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
Bundle 1 of 3
| Steps | Tools | Related Research |
|---|---|---|
| FastTrack Activity |
Select and Evaluate Vendors FastTrack
|
|
| Prepare Solution Description |
Purchase Requirements and Specification Checklist
|
|
| Identify the Internal Approval Process and Criteria |
Purchasing Policy Template
|
|
| Prepare Selection and Evaluation Strategy |
Purchase Strategy Tool
|
|
| Prepare Vendor Selection Criteria |
Vendor Selection Criteria Guide
|
|
| List and Evaluate Potential Candidates |
Vendor List Validation Tool
Vendor List and Evaluate Tool
|
|
| Develop Purchase Documentation for Vendor |
Request for Information Template
Request for Quotation Template
Request for Proposal Template
|
|
| Assemble Received Proposals |
Proposal Receipt Template
|
|
| Evaluate Proposals |
Proposal Evaluation Tool
|
|
| Examine Vendor Claims |
Supplementary Examination Plan Template
|