Purpose: To ensure effective management and collaboration with vendors to support SatCom Networks’ operational needs.
Procedure:
Vendor Selection
- Research and evaluate vendors based on quality, price, and reliability.
- Obtain approval from management before entering into any contract with a new vendor.
Vendor Contract Management
- Maintain copies of all active vendor contracts and service agreements.
- Review contracts annually to assess performance and determine renewal or renegotiation.
Order and Delivery Management
- Place orders based on inventory needs or project requirements.
- Track order status and follow up with vendors on any delays or issues with delivery.
Performance Review
- Evaluate vendor performance semi-annually, focusing on service quality, delivery time, and cost-effectiveness.
- Document vendor performance in a report to inform future purchasing decisions.
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