At times, a project manager must evaluate proposals from identified vendors and

Question

At times, a project manager must evaluate proposals from identified vendors and make decisions based on the project budget and schedule. It is essential to determine how the organization will determine the best response to the proposal's individual vendors? IRTC has asked you to evaluate the customer service add-on the vendor offered while still in negotiations for this project. The add-on will cost $25,000 and take an additional 4 weeks to install. Your manager has asked for your opinion. The project is tracking along according to schedule and budget.

Question: What do you need to consider before accepting or denying the vendor proposal? Explain.

Explanation / Answer

In this competitive and globalised era of business world, vendor evaluation has become one of the important tool in the purchasing or supply chain department of any business or company. In the reffered case(as given in question), the project manager has to make decisions from the proposals of identified vendors, so to make proper evaluation he has to go through vendor evaluation process, where number of criterias has to be considered before accepting or denying a vendor proposal.

Some of the following points can be considered during the evaluation process which would help in deciding whether to accept or deny the proposal:

So,to attain the company's goals through the quality assurance, it is important to issue instructions and procedures for the vendor evaluation so accept or deny proposal.

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