What are the common mistakes in vendor evaluation?

What are the common mistakes in vendor evaluation?

Some common mistakes include not defining clear criteria, failing to involve key stakeholders, and overlooking vendor references.

How can I avoid these mistakes?

To avoid these mistakes, establish a clear evaluation framework, engage all relevant parties, and thoroughly check references.

What criteria should I use for vendor evaluation?

Consider criteria like cost, quality, reliability, service, and the vendor's track record in your industry.

Is it important to involve multiple stakeholders?

Yes, involving multiple stakeholders ensures diverse perspectives and helps in making a more informed decision.