To Increase Efficiency of Vendor Management

How do you search for new Vendors/Partners?

Word of Mouth/Professional Connections

Internet Surfing

Facebook Ads

Cold Calling

Newspaper Ads

Exhibition/Expos

Have you ever worked with a Vendor/Partner you never knew or heard of?

Yes

No

If yes, what was your criteria of selecting that vendor?

Cost

Positive Reviews(Recommendation from client, other vendors, professional connections etc.)

Past Record/Experience

Other

Do you look for other options for a vendor while already working with one?

Yes, given an option I would want to select the best available vendor

No, I am comfortable with the vendor I currently work with

Never had the opportunity, so not sure

How do you market your company?

Online/social media advertising (Paid)

Online/social media advertising (Free)

Advertisements in newspaper/television

Professional/Business magazine

Word of mouth/existing businesses connections

Strategic Alliances with other companies

Do you currently use any method/application to track the progress of each project?

On pieces of paper/on-the-fly

Basic computer application, ex.: Microsoft Word/Excel/Notepad etc.

Complicated/Multi-function application

On what factors would you decide your partnership?

Review

Services

Cost

All of the above

What kind of partnerships do you generally look out for?

Exclusivity of Vendors that you work with

Preferred Vendors(Long-term partnerships)

Project-based Partners

If given an online platform for vendor search engagement, would you like to subscribe? for eg, platform suggests you vendor depending upon your requirement, you can rate the vendors, assign tasks, monitor them, get quotation, contact them, etc

Yes

No

Maybe

How much would you be willing to pay for such a platform?