Assessment Framework for Vendors

 

At Venwiz, we realise the importance of matching the most suitable vendor for your business requirements. This is why our team undertakes a thorough technical assessment of all vendors as part of our decision-making process.

We are giving you a sneak peek into the proprietary framework we have created at Venwiz, for vendor assessment. The assessment gives clients a comprehensive view of a vendor’s capabilities to meet specific industrial requirements and their capacity as service providers. 

The assessment commences at the sign-up stage, and continues through the vendor’s lifetime on the platform, with regular follow-ups for addition/removal of information.

This has two main benefits:

  • Establishes a sense of confidence in our clients, since they have visibility on the thorough process being followed on Venwiz
  • It also enables vendors with due diligence by following our processes, making them “ready-to-onboard” on being matched to a  client. 

 

A quick review of the 5-step process Venwiz follows for vendor assessment:

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