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How would you go about selecting a vendor for your organization?

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How would you go about selecting a vendor for your organization? What are some issues that may arise when selecting a vendor? How would you solve them? What types of vendors are used in your organization? What are some negotiation techniques that may be used to achieve a mutually beneficial purchasing outcome?

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We discuss how one would go about selecting a vendor for their organization.

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There are several important factors in choosing a vendor for our organization. Of course price is a concern, however, there are other considerations that can tilt the choice away from the lowest cost vendor. Some of these include, one, the stability of the organization. An established company would be greatly preferred over a start up or new company still trying to get its act together. The stability of its delivery times is also vital. In order to properly plan ...

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Robert Reinhart, MBA
Education
  • MBA, Merage School of Business, Univ of Cal, Irvine
  • BA, Univ of Cal, Irvine
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