This is kashan abidi student of MBA supply chain and i have 10 years of experience in textile industry. this is my presentation about vendor management process.

1. University : Hamdard university
Course : International Supplychain Management
Teacher: Miss Sumaiya Muneer
Student Name: Syed Kashan Abidi
Program : BBA-2 years

2.  What is vendor management?
 Why it is important?
 Vendor management process cycle.
 Vendor identification
 Vendor Qualification
 Vendor review and selection
 Vendor onboarding
 Performance management
 Risk Management
 Relationship management
 Vendor Off-boarding

3. To ensure the organization
continuously obtains the best
value from external providers
of products and services
while controlling exposure to
vendor-related risk.

4. Vendor management is a discipline
that enables organizations to control
• Costs
• Drive service excellence and
• Mitigate risks to gain increased value

6. 7 Things to Consider When Choosing A Vendor
1.Price. Your goal should always be to get the maximum value for the lowest
possible cost.
2.Quality of Product or Service.
3.Check References.
4.Customer Service.
5.Ethics and Integrity of The Vendor.
6.Professional Employees.
7.Recommendations from Others.
8.Existing Relationships.

7. Vendor qualification is the process by which a
vendor is evaluated to determine if it can provide the
necessary goods or services.

8. The key criteria for Vendor Selection are:
1. Quality
2. Conformance to specification
3. Availability
4. Delivery reliability
The vendor selection is a subsidiary process that
allows clearly stating, defining and approving
those vendors which meet requirements

9. It’s a Systematic process that
enables organizations to
efficiently collect documentation
and data in order to qualify,
approve, and contract vendors,
purchase goods or services

10.  It is the practice of monitoring and
analyzing the quality, performance, and
reliability of your vendors. Monitoring
vendor performance allows your
company to improve efficiency and
profits by reducing stock levels and
inventory costs. Proper vendor
performance management also helps to
increase customer satisfaction.

11. Vendor risk management is a risk management
discipline that focuses on pinpointing and
mitigating risks associated with vendors. It defines
how the vendors have implemented sufficient
security controls.
A vendor risk mitigation program is a formal way to
evaluate, track and measure third-party risk; to
assess its impact on all aspects of your business.
One of the known tool of vendor risk management
is “MAGIC QUADRANT”

12. When assessing a vendor, it's important to understand
how the vendor fits into the overall context of your
organization's projects and goals. Vendor relations
are supplier-buyer relationships supported by contracts
and buyer-implemented management strategies.

13.  Third-party vendor offboarding is the process of
removing a vendor from your administrative and
finance records when you end a contract or a
relationship with that vendor.
 During the offboarding process, you should ensure
that all goods or services the vendor was contracted
to provide were actually delivered. During the off-
boarding process, it is vital to ensure that all vendor
invoices have been settled.