Description
INTRODUCTION
Vendor rating and supplier selection is becoming vital importance in every organization today in that its importance cannot be overlooked. It can be seen that over half of every organization budget is on materials which meets organizational taste as regards to source, given quality, quantity, price and delivery, be given consideration.
Upon completing a list of all potential suppliers, a buyer’s next step is to evaluate each of these suppliers individually of process of elimination; a selection list of vendor is developed with whom the buyer may desire to negotiate bids. The vendors list should be comprehensive enough to bring to bear every type of competition desired price technological competition, service competition, etc. evaluation of company vendor is considered as an effective tool for improving their ability to services more satisfactory as a basis for making future purchasing decisions.
Prior to this, it is therefore a great importance to ensure that proper suppliers are rated and selected according to their performances so as ensure that they will meet the need of the organizations. It is therefore the responsibility of purchasing and supply department to select the right supplier, identify the major source of information about the potential suppliers, through the use of journals, exhibitions, and save representatives, colleagues in the company, profession associates, chamber of commerce, computers, and lastly international sources. These sources of information can be very useful to the success of vendor selection.
Finally, when suppliers have been selected, organization has to ensure that they maintain and create a good relationship with the supplier so as to maximize profit management must therefore ensure that proper supplier is rated and selected in order to contribute to the profit of the organization so that purchasing and supply department will have a high level of honour.
TABLE OF CONTENTS
PRELIMINARY PAGES
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Question
1.5 Significant Of the Study
1.6 Scope of the Study
1.7 Limitation of the Study
1.8 Definition of Terms
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 Introduction
2.2 What Is Supplier Selection?
2.3 Strategies Of Vendor Supplier Selection
2.4 Methods For Rating Supplier
2.5 Benefits Of Vendor Rating And Supplier Selection
2.6 Supplier Relations
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Sources/Methods Of Data Collection
3.4 Population And Sample Size
3.5 Sample Techniques
3.6 Methods Of Data Analysis.
CHAPTER FOUR
4.0 PRESENTATION AND ANALYSIS OF DATA
4.1 Introduction
4.2 Presentation Of Data
4.3 Analysis Of Data
4.4 Interpretation Of Result(S)
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary
5.2 Conclusion
5.3 Recommendation
References