No organizations are self-reliant, nor does any organization have unlimited resources. With
the limited resources the organizations are not able to meet their unlimited wants. These wants
compete for the scarce resources of the organization. This further aggravates the need for
organizations to outsource work that can be conducted by others at lower cost and with greater
efficacy and effectiveness if not it will be a of waste valuable resources in the pursuit of
capabilities that can be readily purchased from others. Moreover, engaging in outsourcing allows
an organization access to skill, knowledge and competence found outside its boundaries. Through
outsourcing, a business can seem bigger than it actually is and provide its clients with total event
solutions. Knowing how to outsource, when to outsource, and whom to outsource to are crucial
skills for any business
10. 24
5. VENDOR ANALYSIS
The general perceptions of 100 vendors surveyed are elicited. To the question whether
buyer’s vendor registration system is satisfactory, 35% of the vendors have stated that they were
extremely satisfied with the vendor registration system and they have given maximum level of 5.
40% have rated the system at level 4, 20% rated the system at level 3 and the remaining 5% gave
level 1 to the satisfaction level of the Vendor Registration System.
TABLE NO. 5.1.1
SATISFACTION LEVEL OF VENDOR REGISTRATION SYSTEM
Options(Satisfaction Level) % of respondents
1 5%
2 10%
3 20%
4 40%
5 35%
Source: Survey Data
CHART NO. 5.1.1
SATISFACTION LEVEL OF VENDOR REGISTRATION SYSTEM
Source: Survey Data
5.2 Buyer’s vendor performance rating system is transparent and satisfactory
Performances of vendors are assessed by buyer on complete execution of every purchase
order. The question pertains to the satisfaction level of vendor on buyer’s vendor performance
rating system being transparent and satisfactory. To this, 40% of the respondents have given
maximum level of 5, 35% have rated at level 4, 15% rated at level 3 and 5% at level 5% of the
respondents have rated at level 1.