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Strategic vendor evaluation


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Formal evaluation of strategic vendors improves accountibility and performance.

Published in: Technology, Business
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Strategic vendor evaluation

  1. 1. Strategic vendor evaluation Brad Ring Keywords: Strategic vendor evaluation ,Technology leadership, System engineering, Transportation, tolling, ITS, intelligent transportation system, fiber optic cable, system integration, design review, requirements review, cap ex, op ex, testing, review, schedule, scalability, maintainability. bradr998@yahoo.comArticle extract:Create formal monthly evaluation to monitor and evaluate strategic vendors for performance. 1
  2. 2. Methodology Establish proactive management of strategic system integrators. Start vendor evaluation process from day 1. Establish penalties and liquidated damages for poor performance. 2
  3. 3. Initial design The example below illustrates the original design 3
  4. 4. Benefits of Strategic vendor evaluation 1. Provides opportunities for continuous improvement. 2. Proactively identifies problem area trends before they become systemic and affect program milestones. 3. Provides documentation of successes and challenges. 4
  5. 5. Participating stakeholders Brad Ring Multiple system integrators 5