1. Establish Vendor Agreement:
Draft and finalize a comprehensive vendor agreement that outlines the terms of the partnership.
2. Acquire Necessary Documentation:
Gather all documents needed for onboarding, such as contracts, tax forms, insurance certificates, etc.
3. Define Deliverables and Deadlines:
Establish a timeline for when deliverables must be met and agreed upon by both parties.
4. Execute Onboarding Processes:
Ensure that all processes are completed according to the established timelines and deadlines outlined in the vendor agreement.
5. Collect Payment Information:
Outline how payments will be collected from vendors on an ongoing basis by their agreements.
6. Set Up Contact Information:
Ensure that vendors have a method for communicating with the company, such as email addresses and phone numbers.
7. Train Vendors:
Provide training to ensure that vendors understand the company's operations, products, and procedures.
8. Monitor Performance:
Track vendor performance against established metrics and goals to ensure compliance with contractual agreements.
9. Review Vendor Agreements Regularly:
Check vendor agreements regularly to make sure terms are being met and up-to-date information is being provided.
