A vendor by definition is someone who purchases from manufacturers and sells them to the consumers. Dealing with vendors to supply you with goods in wholesale prices so you can sell them in retail is not an easy feat. That is why you need to have a strategic vendor management process to organize the flow of transaction.
Negotiating for the right price and controlling the costs are just a tip of the iceberg. There’s more behind the rear, like analyzing and evaluating your prospect vendors and drafting contracts that would be beneficial to both parties, among other things.
Not sure whether to hire a vendor for your business or not? Check the profile of your applicants first before you enter into an agreement. Our vendor and supplier blank checklist set the standards for you so won’t have to go over what you have missed during the inspection and evaluation. If you already have a prospect vendor, use our analysis forms to identify the advantages and disadvantages of getting one. Our detailed report can help you come up with a concrete and quantitative conclusion by breaking down the costs and benefits of getting a vendor, comparing the current and projected income of hiring one, and evaluating the results of the findings.
If your analysis recommends you to get a vendor, use our contract and agreement templates to set the terms and conditions of your partnership. They are professionally written and ready to go, just add your company information, details of the goods and services provided, and the prices. And should you resolve to end the concession, our termination letters with discreet and polite contents are your best options.
Download our free and premium vendor templates in Google docs now. They are customizable, easy to edit, printable, and can be shared online through email. Don’t forget to save them so you can use them again in the future!
