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📕 Production and Operation Management Book Series 📕 • Production & Operation Management Book Series ============================== 📕 Advertising Management Book series 📕 • Advertising Management Book series ============================== ✅ How to Purchase Production and Operation Management Book PDF ✅ • How to purchase Production and Operation M... ============================== Vendor or Supplier Selection Process 00:00 Starting 00:34 Quality 01:33 Price 02:32 Financial Health 03:21 Past Performance Record 04:01 Mode of Payments 04:33 Miscellaneous Factors 1.) Quality Delivering quality goods to the customer is the key to capture the market and win customers confidence. The target of quality goods depends on the quality of material supplied by the supplier. 2.) Price The price of the material is the most important factor that affects the supplier selection criteria. However, it is the value of money that matters. It means cheap suppliers, selling low-quality material and costly suppliers, selling best quality material. 3.) Financial Health If the supplier is not financially sound, it cannot become a reliable source for the organization. 4.) Past Performance Record The organization must carefully examine the past performance records of the vendor. If the vendor has maintained good relations with its clients and maintains the level of quality over the year, then it is a good investment to do business with such a vendor. 5.) Mode of Payments The organization should also consider the supplier having a different payment method system. There are several types of digital modes of payment, such as debit cards and credit cards, cheques, cash, Internet banking, mobile banking, PayPal, etc. 6.) Miscellaneous Factors In addition to all the above factors, some other factors should also be taken into account like cultural values, expert management, types of technologies used by suppliers, terms and conditions, transportation facility, after-sales services, etc. supplier selection supplier selection with example supplier selection notes supplier selection ppt Vendor Selection Process Vendor Selection Process notes Vendor Selection Process lecture Vendor Selection Process ppt Vendor Selection Process pdf Supplier Selection Process vendor selection process in hindi vendor selection process steps supplier selection and evaluation process supplier selection criteria vendor selection vendor selection criteria criteria for supplier evaluation and selection criteria for supplier evaluation criteria for supplier evaluation by student notes criteria for supplier evaluation pdf criteria for vendor evaluation What is the selection process of vendor what is the selection criteria of vendor what is the selection criteria of supplier What is the selection process of supplier