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Bhargav replied to the topic Procurement Management in the forum Project Management Knowledge Areas 8 years, 2 months ago
I would take the opportunity to review the financial stability of the vendor as problems often mean an unprofitable company.I would also look at the performance of the vendor coupled with their direct and indirect benefits is compared to the physical cost of doing business with them. These costs would include such matters as: overpricing, early requests for invoice payment, difficult delivery times that require extra staffing to manage.