PMD Projects

Vendor Management - Dynamic Vendor List Approach

The main feature of the proposed Vendor management system is that, as opposed to conventional Approved vendor list method, it is based on Dynamic vendor list approach which opens doors to any vendor intending to build business relationships with the Buyer, but at the same time fosters healthy competition aimed at promoting interest in development. This approach is not suitable for long-term strategic partnership, but rather appropriate for project based activities where each activity is unique with its own specific requirements, budget and time constraints. In our case it is a construction sector where this system has been successfully implemented.