SAP MM | S4 HANA | Global Certified Functional consultant | Sourcing and Procurement | Content writer|SAP Enthusiast
Factors to look on Vendors Researching vendors Assessing the quality of work Vendor selection Managing multiple vendor relationships Setting organizational standards Ensuring payments are made on time Resolving disputes Some tips you can consider when evaluating vendors: Review all vendor proposals first Assign an importance value to all requirements establish good relationships with vendors: Communicate with vendors Make payments on time Offer lead times Benefits of vendor management: Enhances performance,Establishes loyalty, Improves rate negotiation,Protects the organisations brand.
