New Vendor Notice Template Word
The New Vendor Notice Template Word is a comprehensive and customizable document that helps businesses notify their vendors about new policies, procedures, and requirements. This template is designed to save time and effort by providing a pre-written notice that can be easily edited to fit the specific needs of your business.
The template includes sections for important information such as the effective date of the new policy, the reason for the change, and any actions that vendors need to take. It also includes a section for contact information, so vendors can easily get in touch with your business if they have any questions or concerns.
Using the New Vendor Notice Template Word can help your business maintain strong relationships with your vendors by keeping them informed and up-to-date on any changes that may affect their business with you. It can also help ensure that your business is in compliance with any legal or regulatory requirements.
The template is easy to use and can be customized to fit the specific needs of your business. It is available in Microsoft Word format, so you can easily edit and save the document on your computer. The template is also compatible with both Windows and Mac operating systems.
Overall, the New Vendor Notice Template Word is an essential tool for any business that wants to maintain strong relationships with their vendors and stay in compliance with legal and regulatory requirements. It is a cost-effective and time-saving solution that can help your business communicate effectively with your vendors and ensure that everyone is on the same page.
New Vendor Notice Template
The New Vendor Notice Template is required for vendor selection of new suppliers. You must complete the PUR101-1 NEW VENDOR NOTIFICATION form for approval of all first time purchases from a supplier. Make sure to document any related party transactions or vendors the company or employees could have a potential conflict of interest with on this form.
New vendors are to be evaluated using the following criteria:
- Pricing: competitive pricing is one component of the evaluation and may be outweighed by other factors. Pricing will not be the deciding factor unless all else is equal.
- Parts availability and shipping time frame.
- Performance capability (i.e., financial status, sufficient facilities, and capability of equipment and employees).
- Internal Quality Assurance program: Companies certified to ISO 9001 or equivalent are given preference.
- Reference checks.
Disqualification: Suppliers not responsive to Corrective Action Requests or unable to correct problems with delivery or quality may be disqualified. Disqualification is generally a consensus decision between the Quality Assurance Manager and the Operations Manager.