GLOBAL ENTRADE is involved in the assessment evaluation of prospective vendors to determine if they can effectively meet the Client’s requirements.

There are many factors that need to be considered during a vendor assesment and these may include technical competence, vision, financial stability, capability, motivation, cultural compatibility and know how.
The following points needs to be evaluated as well:

• Resource/Equipment availability
• Technical capability
• Financial security
• Experience in the sector
• Client reference list
• Understanding of Client’s requirements
• Compliance with standards
• Resource/Equipment availability

In most industries, it’s useful to ascertain if vendors has the right certification and experience to work in those sectors.
Vendor assessments can certainly help to reduce the possibility of outright failure and increase the chances of sustaining a long-term and mutually beneficial relationship with the Clients.