Process of Vendor-Development: 9 Steps | Management

This article throws light upon the nine main steps required for vendor development process. Some of the steps are: 1. Identify critical commodities for development 2. Identify vendors for critical commodity development 3. Formation of internal team 4. Meeting with top-management of vendor 5. Identify opportunities for development 6. Define feasibility and viability 7. Joint agreement of project and Others [...]