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Definition of "Analysis Of Business Requirements" |
This is the toughest part of the vendor selection process. Success here will put you on the right track in selecting the right vendor at the right price. Lack of effort, poor planning or taking shortcuts will seriously jeopardize the success of the vendor selection process. This part of the process will be shorter and less complex for basic part and commodity vendors (eg. basic raw materials, office supplies, gas/electric, etc.) and fundamental services (eg. janitorial, heating/cooling system maintenance, office machine service contracts, etc.). It will take longer for more complex parts and multifaceted services (eg. Software outsourcing, call center services, etc.). Regardless of the size and scope of the material or service that you will be selecting a vendor for, following these steps will help insure the success of rest of the vendor selection process. |
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