1. Money

Managing Vendors and Suppliers

It is just as important to communicate with your suppliers and vendors as it is to communicate with your customers. Establishing the proper communication channels and information flows between you and your suppliers can lead to increased efficiencies, reduced costs and better customer service. This section will cover the simple communication methods (i.e. telephone) and other ideas that will allow your company to build a win-win relationship with your suppliers and vendors.
  1. Successful Vendor Selection (7)

Vendor Management Best Practices
Regardless of what business you're in, vendors play a key role in the success of your business. Using the following vendor management best practices to build a mutually strong relationship with your vendors will strengthen your company's overall performance in the marketplace. Ignoring these sound vendor management principles will result in a dysfunctional relationship that will have the potentia…

Vendor Management Success Tips
Vendor management is more than just getting your suppliers to give you a lower price or better service contract. Your vendors supply your business with necessary products and services. Properly managed vendors can give you a competitive advantage as well as cost savings.

Vendor Management Means Quality Assurance
The first step in ensuring a successful outsourcing project is to implement a quality assurance program. This article will help you and your vendor come together on defining what quality assurance means to both of you.

Vendor Management: Measuring Outsourcing Effectiveness
The first step in building a positive relationship with your outsourcing vendor, is to clearly state your expectations in terms that are measurable and quantifiable. It is not sufficient to state to your vendor that you want "good quality plastic parts." Here is how you can start today.

Supplier Relationship Management
Once you start doing business with a supplier, you become more dependent on them and they become more dependent on you. Like any relationship, communications with suppliers and vendors must be cared for. Here is an overview of supplier relationship management.

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 best vendor for whatever your business needs.

Implementing a World Class Purchasing Organization
Communicating with your vendors and suppliers starts with a superior purchasing process. A rapidly growing company may quickly out pace the methods and procedures that used to carry the company in its day-to-day operations. Larger companies need more sophisticated solutions in order to stay competitive. If you’re looking for bigger and better purchasing solutions, start here.

What are the ISO Quality Standards 9001, 9002 and 9003
The International Organization for Standardization (ISO) has developed a set of standards, practices, terminologies and requirements, that when adapted demonstrate that the products and services that you are buying have achieved a high level of quality. There are three different types of certifications. This article will help you decide which one should be important to you.

ISO 9001 Quality Benefits
Choosing a vendor or supplier is an important decision for your organization. The more parts and materials that they supply, the more critical this relationship is. Selecting a supplier that is ISO 9001 certified demonstrates their commitment to quality and service.

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