Vendor Selection

Vendor Selection - Vendor Selection Vendor evaluation...

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1 Vendor Selection þ Vendor evaluation þ Critical decision þ Find potential vendors þ Determine the likelihood of them becoming good suppliers þ Vendor Development þ Training þ Engineering and production help þ Establish policies and procedures
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2 Vendor Selection þ Negotiations þ Cost-Based Price Model - supplier opens books to purchaser þ Market-Based Price Model - price based on published, auction, or indexed price þ Competitive Bidding - used for infrequent purchases but may make establishing long-term relationships difficult
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3 Vendor Evaluation Criteria Weights Scores (1- 5) Weight x Score Engineering/research/innovation skills .20 5 1.0 Production process capability (flexibility/technical assistance) .15 4 .6 Distribution/delivery capability .05 4 .2 Quality systems and performance .10 2 .2 Facilities/location .05 2 .1 Financial and managerial strength (stability and cost structure) .15 4 .6 Information systems capability (e-commerce, Internet) .10 2 .2 Integrity (environmental compliance/ ethics) .20 5 1.0 Total 1.00 3.9
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This note was uploaded on 01/20/2012 for the course MGT 3200 taught by Professor Moodie during the Spring '08 term at Kennesaw.

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Vendor Selection - Vendor Selection Vendor evaluation...

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