Colorado State University Global Campus Vendor Relationship Essay

In choosing suppliers (also called vendors), the buying organization must consider the suppliers’ abilities to meet price points, the quality requirements, the suppliers’ reputations, and any past experience with those suppliers. Effective supplier relationship management is important to guarantee positive working relationships. In some cases, organizations enter into supplier partnerships, meaning long-term relationships with certain suppliers. Still, some organizations find it important to treat suppliers as adversaries.

Post in favor of treating suppliers as partners for a mutually beneficial long-term relationship.

Useful resources:

Chapter 4 in Mastering Risk and Procurement

Part1, Chapters 12 & 13 in PMBOK® Guide

• Part II, Sections 2.2, 3.23, & 3.24 in PMBOK® Guide

Buganova, K., & Simickova, J. (2020). Increasing the organization’s resilience through project risk management. Economic and Social Development: Book of Proceedings, 163-169.

• Žužek, T., Rihar, L., Berlec, T. & Kušar, J. (2020). Standard project risk analysis approach. Business Systems Research, 11(2), 149-158. 10.2478/bsrj-2020-0021