1. PRESTIGE INSTITUTE OF MANAGEMENT, GWALIOR
P R E S E N T E D B Y:
AV D E S H D H A K A R
JYOTI
PA L L AV I T I WA R I
R O H I T K U M A R
PRESENTATIONON
Vendor management system
2. VENDOR
A third party that performs
function on your company behalf
of provides services, goods to your
company or the individual know
as vendor.
3. VENDOR MANAGEMENT
Vendor management is a discipline
that enables organizations to
control costs, drive service
excellence and mitigate risks to
gain increased value from
their vendors through out the
deal life cycle.
4. EFFECTIVE VENDOR MANAGEMENT
Create an internal vendor
management practice.
Develop a clear vision for vendor
management.
Build strong relationship with the
rest of the organization.
5. 1 . S C O P I N G
Policy
Process
Business Requirements
2 . C O N T R A C T
Liability
Terms and Conditions
Pricing
Penalties or Rewards
3 . R E L AT I O N S H I P
Transition Expectations
Common Goals
People Alignment
Cultural Fit
6. CONT…..
4. SERVICE QUALITY
Complain Management
Issue Management
Value and Services
5. GOVERNANCE
Roles and Responsibilities
Policy Management
Change Management
Risk Management
7. BEST PRACTICES FOR SUCCESSFUL VENDOR
MANAGEMENT:
Matching the vendor management
model to organizational goals &
objectives
Establishing a Selection Process
Measuring & Monitoring
Defining the Partnership
8. VENDOR RATING
Vendor rating is a term used in business
and refers to the process of evaluating
and approving potential vendor by
quantitative assessment. The purpose
of vendor rating is to ensure a
portfolio of best in class vendor is
available for use.
9. PARAMETER OF VENDOR RATING
Pricing
o Competitive price
o Price stability
o Price accuracy
o Advanced noticed of price change
Quality
o Conformity to specification
o Reliability
o Repair and rework
o Durability
o Support
o Warranty
10. CONT……
Delivery
o Time
o Quantity
o Lead time
o Packaging
o Documentation
o Emergency delivery
Service
o Vendor representation
o Technical support
o Problem resolution
11. CONCLUSION
At last we would like to conclude that vendor
management is a very essential and important
aspect or function of any organization. Vendor
management help to smooth flow of product or
service in market. Organization can rate our
vendor on different-different parameter and
select one best vendor who help to maintain a
best or effective vendor management practice in
whole organization.
