VENDOR MANAGEMENT PROCESS IN VARSHA AGROTECH

Presented By: Abhinav Kaul Abhishek Singh Adity Garg Aditya Khurana Akash Bhatnagar Akshay Zutshi Anil Gupta

WHY VENDOR MANAGEMENT

A well managed vendor relationship will result in increased : Customer satisfaction.

Reduced costs. Better quality. Better service.

BETTER VENDOR MANAGEMENT

Vendor Selection. Scrutinize the Prospects. Remain Flexible. Monitor Performance. Communicate Constantly.

VENDOR SELECTION PROCESS

Analyze the Business Requirements. Vendor Search. Request for Proposal (RFP) and Request for Quotation (RFQ). Proposal Evaluation and Vendor Selection.

CONTRACT NEGOTIATION STRATEGIES

List Rank Your Priorities. Know the Difference Between Need and Want. Know Your Bottom Line. Define Time Constraints and Benchmarks. Assess Potential Liabilities and Risks. Confidentiality, non-compete, dispute resolution, changes in requirements.

PROPOSAL EVALUATION PROCESS

Preliminary Review of All Vendor Proposals. Record Business Requirements. Record Vendor Requirements. Assign Importance Value for Requirement

PROPOSAL EVALUATION PROCESS CONT

Assign a Performance Value for Each Requirement. Calculate a Total Performance Score. Select a the Winning Vendor.

INVENTORY MANAGEMENT PROCESS

Meet Demand. Keep Operations Running. Lead Time. Hedge. Quantity Discount.

VENDOR MANAGEMENT PROCESS IN VARSHA AGROTECH PVT. LTD

ABOUT VARSHA AGROTECH

Established by Mr. Kanraj Agarwal. Established in 1995. Export to China & Germany.

VENDOR MANAGEMENT PROCESS

Purchasing Policy. Vendor Selection Process.

VENDOR MANAGEMENT PROCESS CONT

Vendor Evaluation. Inventory Management. Information System Used.