The individual or organization that provides equipment or services is known as

The individual or organization that provides

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The individual or organization that provides equipment or services is known as a vendor. A vendor is a provider of resources. The selection of the appropriate vendor is extremely important so that system facilities will be acquired at the best possible price.
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The decision to buy a piece of equipment from a particular company often hinges on price. However price may not be a good indicator of the vendor’s ability to deliver the quality of goods specified.
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Following are the key criteria that are evaluated when selecting a vendor: Proposal preparation Vendor reputation Vendor experience & training Vendor maintenance & services Training & orientation Manuals & documentation
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Some vendors help their customers select and order specific pieces of equipment. The process begins with a request for proposal (RFP). A company sends the RFP to vendors, stating their intent to acquire certain pieces of hardware and software. In turn the vendor working with the organization provides a detailed written proposal addressing these needs.
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Some vendors have been in business for many years, while others are new to the industry. The analyst should assess the vendor’s reputation and performance.
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  • Fall '19
  • Ahmed

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