Implement a Proactive and Consistent Vendor Selection Process – Sample
Vendor selection is politically charged, time consuming, and resource intensive. Selecting the right vendor goes beyond product and price; balancing cost and satisfaction is a crucial balance that’s difficult to achieve. This blueprint will help you formalize your process and select the best candidate every time by following our three-phase methodology:
- Establish and Formalize Process
- Gather Requirements and Write RFx
- Evaluate and Select Vendor
Having the right tools in place is critical – this will ensure your selection can stay as objective as possible, and help to balance cost vs. quality to select the right solution.