Building Value Beyond Cost: 5 Non-Price Factors That Radically Impact Vendor Selection

Stop fixating solely on the bottom line! Smart procurement pros know that the lowest price doesn't always equal the best value. This guide reveals 5 critical non-price factors that can make or break your vendor relationships and impact your organization's success. Learn how to assess a vendor's financial stability, technological capabilities, ethical practices, innovation potential, and cultural alignment. Discover proven evaluation frameworks and scoring systems to make informed decisions that minimize risks, foster long-term partnerships, and drive sustainable growth. Unlock the secrets to holistic vendor selection and build a supply chain that delivers true competitive advantage.