VENDOR SURE: Vendor Sure service as the part of SDP’s Management Consulting & Government Advisory service offering for Public, Private and Social sector clients.
Product/ Service Delivery Duration:
Min 1 months depending upon Size of offering required and Scope of Work.
Ideal Client Type:
Public, Private and Social sector clients: International Agencies, National Governments-Ministries; Local Governments-Municipalities, Development Authorities, Smart City SPVs/ offices, Private Companies.
What is in the package of Product/Services (Deliverables)?
Vendor Identification Document & Toolkit.
Product Offering/SoW Overview:
Identification and Establishment of Business Goals.
Establishment of a Vendor Management Team.
Creation of a Database for all Vendor-related Information.
Identification of the Selection Criteria for Vendors.
Evaluation and Selection of Vendors.
Developing Contracts and Finalizing Vendors.
Better Selection, Better Contract Management, Better Performance Management, Better Vendor Relationship, Better Value.
Empowers an organization to take appropriate measures for controlling cost.
Reducing potential risks related to vendors,
Ensuring excellent service deliverability and deriving value from vendors in the long-run.
This includes researching about the best suitable vendors, sourcing and obtaining pricing information,
Gauging the quality of work,
Managing relationships in case of multiple vendors,
Evaluating performance by setting organizational standards.
Ensuring that the payments are always made on time.
Additional Free Offerings:
Some challenges need to be overcome to ensure the smooth functioning of the organization. Vendor Compliance Risk, Vendor Reputation Risk, Lack of Visibility, Vendor Data Storage, Vendor Payment Risk.