Re: How To Select A Vendor

Hi guys,
WOuld any of you have a vendor selection matrix? If so please share it with me.
Thanks,

talk with vendors and tell them about the quatations .all quatations would be on letter head after that make the list of all vendors.and see which gives you higest rate that is the succesfull vendor. its so easy

Dear Rsuh,
The selection of the vendors is depend on the materials, what is RFQ is for then you need to go for the same supplier, instead of going any general trader.
Example - If you have request for steel, then please select multiple steel supplier which is isi, iso standard, then request for quotation, then select accordingly, by quality,price and delivery period.
And please note highest price vendor is not a winner. Select lower price vendor but quality and delivery should be acceptable.
Thanks,

Hello,

The vendor selection process is important no matter how small the part or how simple the service. This page will guide you through the process in order to select the right vendor for your company.

The Successful Vendor Selection Process
The vendor selection process can be a very confusing, complicated and emotional undertaking if you don't know how to approach it from the very start. Here are five straightforward steps to help you select the right vendor for your business.

Step #1: Analyze Business Requirements
The toughest part of the vendor selection process is analyzing the business requirements. This guide will show you how to accomplish this and gain consensus across all the stakeholders before you begin the vendor selection process.

Step #2: Vendor Search
The second part of the vendor selection process is to perform a comprehensive vendor search and create a "short list" of vendors to pursue. Done correctly, this will position your business to find the right vendor and create a competitive atmosphere between competing vendors. This guide will show you how.

Step #3: Request for Proposal (RFP) and Request for Quotation (RFQ)
The third part of the vendor selection process is to write a Request for Proposal (RFP) or Request for Quotation (RFQ). A well written RFP or RFQ is the critical success factor in the entire vendor selection process. This guide will show you how to create a document that will detail the needs and expectations of your company.

Step #4: Proposal Evaluation and Vendor Selection
In the vendor selection process, this is the most crucial step of all. Lack of preparation and not paying attention to detail can lead your vendor selection team to recommend the wrong vendor for your company. This guide will help you organize your selection process and lead your team to a unified vendor selection decision.

You have to select the vendor the one who will give u commission out of his profilts, by cash and giffts to you for giving the order

Dear Friend,
Your suggestion not good, its sound like cheating with the company who feeding us and our family.. (in other way can say like illegal)
Then what about the image or reputation of so said employee who takes willing comission unaware of the company.
Is his reputation in Market good, he can able to found another job easily if he try to, due to his commision behavior..
Last but not least - Its depend on the person either to accept or reject the comissions.
Thanks,