Vendor, or Foundations Vendor, is an add on to our Foundations Project Management Framework. It provides a vendor selection process, and templates, which can be used when you need to select a vendor to provide a service. This partly satisfies the requirements of the "External Supplier Management" process in the Project Management Framework diagram shown in the Foundations page.
The vendor selection process can be a very complicated and an emotional undertaking if you don't know how to approach it from the very start. The process provides five steps to help you select the right vendor for your business. This process document will show you how to analyse your business requirements, search for prospective vendors, lead the team in selecting the winning vendor and provide you with insight on contract negotiations and avoiding negotiation mistakes.
This process covers all possible activities involved in producing RFIs, RFPs and RFQs. And now it includes more detailed instructions on developing evaluation & scoring criteria.
The process contains the following procedures:
The process also contains the following templates:
|Plus we've included our Foundations WebTool to make it easy to navigate through the procedures and templates. Try our demo.|
External Supplier Management - Vendor Selection Process
Vendor can be purchased through the Store page.