Supplier Evaluation Process

Any person or business responsible for supplying goods or services of any kind to an organisation is classified as a vendor. In the construction industry, businesses typically work with dozens, sometimes hundreds of vendors to get the job done. Each of which will have its own unique contracted terms, responsibilities, points of contact, deadlines and so on. A highly complex yet crucially important supplier network that calls for flawless vendor management. Far more than simply locating and selecting suppliers, vendor management helps streamline, simplify and optimise the entire procurement process.

Find out how effective vendor management can make all the difference with this advanced tutorial. Learn how to identify the right source of supply, studying source selection criteria and the benefits or working with a reliable source. Explore vendor registration and development, vendor rating and its purpose, parameters of vendor rating, materials management computerisation and more.