Memorandum To: Linda Beach From: Trina Davis Date: Subject: Vendor Selection Criteria When selecting the right vendor for your office supplies it is important to understand that select the correct supplier that will meet your office needs in every way. When you begin searching for particular criteria it is important to define the company’s technical and commercial requirements before beginning the vendor search. This will allow you to buy what you need instead of what the vendor will sell you. It saves money in the long run. Developing a relationship with a vendor allows you to research prices and negotiate prices with the vendor. (http://www.ccs-inc.com/blog/article/supplier-selection-part-1-important-factors-consider-before-starting-search) Specific criteria required …show more content…
3) Competitor buying is also a consideration if it is a low risk. 4) Cost is really important because it involves freight, custom duties, tariffs, increased inventory for carrying cost, insurance etc. 5) Innovation is a very important factor when keeping up with technology and how today’s technology is constantly changing. Selecting a vendor that has a great engineering staff. 6) It is key in making the right decision in a vendor. (http://www.ccs-inc.com/blog/article/supplier-selection-part-1-important-factors-consider-before-starting-search) Coca Cola Company Vendor I have chosen the Coca Cola Company for the example of company vendors. According to Coca Cola the company “routinely utilizes independent third parties to assess supplier’s compliance with their vendors. If their supplier fails to uphold any aspect of the vendor requirements the supplier is expected to implement corrective actions”. (http://www.coca-colacompany.com/our-company/supplier-guiding-principles/) The Coca Cola Company has a lengthy agreement with their vendors and have a complex list of requirement’s for their