What are the main points to take care while initiating a new vendor development?

Develop a vendor strategy,

create a vendor selection criteria,

create a bid document, 

evaluate offers and select suppliers,

negotiate the contract and manage the supplier.

1 ) Previous projects the vendor has supplied/installed

2 ) Required approvals/documentation 

3 ) Cost 

4 ) Delivery time 

FIRST OF ALL, WE WILL SEE HIS COMPLETE PROFILE RELATED TO COMPANIES HE IS WORKING WITH, TO CHECK THE MACHINES WHICH HE IS HAVING, THEN TO CHECK THE QUALITY OF PRODUCT HE IS MAKING AND FURTHER WORK ON THE COST

first of all we will see quality of product  and system implemented as per our requirement by said supplier and after that we will go for cost and delivery time.

Quality

Cost

Delivery in time

It is extremely important and foremost that

1. the vendor is able to fulfil your requirements according to your scale and is able to meet the deadline,

2. that he is able to deliver the quality of the items as per specification / or as agreed upon by providing samples for approval

3. the modus operandi is friendly and in line with your operations 

4. is flexible and able to accomodate you as a client whenever possible

The Main Points to take care while initiating a New Vendor Developments are:-

1. Qualitiy of Work.

2. Costing.

3. Completation of Work .

4.Good Relations .

qulity product, good cost of product