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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...
VENDOR
A third party that performs
function on your company behalf
of provides services, goods to your
company or the indi...
VENDOR MANAGEMENT
Vendor management is a discipline
that enables organizations to
control costs, drive service
excellence ...
EFFECTIVE VENDOR MANAGEMENT
 Create an internal vendor
management practice.
 Develop a clear vision for vendor
managemen...
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
 Pric...
CONT…..
4. SERVICE QUALITY
 Complain Management
 Issue Management
 Value and Services
5. GOVERNANCE
 Roles and Respons...
BEST PRACTICES FOR SUCCESSFUL VENDOR
MANAGEMENT:
Matching the vendor management
model to organizational goals &
objective...
VENDOR RATING
Vendor rating is a term used in business
and refers to the process of evaluating
and approving potential ven...
PARAMETER OF VENDOR RATING
 Pricing
o Competitive price
o Price stability
o Price accuracy
o Advanced noticed of price ch...
CONT……
 Delivery
o Time
o Quantity
o Lead time
o Packaging
o Documentation
o Emergency delivery
 Service
o Vendor repres...
CONCLUSION
At last we would like to conclude that vendor
management is a very essential and important
aspect or function o...
REFERENCES
https://en.wikipedia.org/wiki/Vendor_management_system
www.gartner.com/it-glossary/vendor-management
www.litcom...
THANK
YOU
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ppt of vendor management

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ppt of vendor management

  1. 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. 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. 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. 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. 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. 6. CONT….. 4. SERVICE QUALITY  Complain Management  Issue Management  Value and Services 5. GOVERNANCE  Roles and Responsibilities  Policy Management  Change Management  Risk Management
  7. 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. 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. 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. 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. 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.
  12. 12. REFERENCES https://en.wikipedia.org/wiki/Vendor_management_system www.gartner.com/it-glossary/vendor-management www.litcom.ca/5-practices-effective-efficient-vendor- management/ www.peoplefluent.com/products/vendor-management www.referenceforbusiness.com › Encyclopedia of Management › Tr-Z
  13. 13. THANK YOU

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