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  • Unverified
  • Location:Gujarat, India
  • Year of Establishment:1998
  • Business Type:Trading Company, Distributor / Wholesaler, Business Services
  • Turnover:Rs. 50 Lakh - 5 Crore
    (or USD 100 K - 1 Million)
  • Main Products:Progressing Cavity Pumps, Wear Resistant Plates
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Business & Vendor Development Service

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Vendor development is one of the popular techniques of strategic sourcing, which improves the value we receive from suppliers. Vendor Development can be defined as any activity that a Buying Firm undertakes to improve a Supplier's performance.

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Vendor development is one of the popular techniques of strategic sourcing, which improves the value we receive from suppliers. Vendor Development can be defined as any activity that a Buying Firm undertakes to improve a Supplier's performance and capabilities to meet the Buying Firms' supply needs. 

Buying Firms use a variety of activities to improve Supplier performance, which includes, 

  • Assessing Suppliers' operations
  • Providing incentives to improve performance
  • Instigating competition among Suppliers
  • Working directly with Suppliers either through training or other activities etc

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