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Home > Check to onboard new vendors for AV iot ict analytics -distribution company

Check to onboard new vendors for AV iot ict analytics -distribution company

Define vendor requirements and criteria

Research potential vendors in AV, IoT, and ICT analytics

Review vendor portfolios and case studies

Conduct initial vendor interviews or meetings

Gather and review vendor references

Verify vendor certifications and licenses

Review vendor compliance with industry standards (e.g., ISO, GDPR)

Collect necessary legal documentation (e.g., contracts, NDAs)

Review insurance and liability coverage

Evaluate vendor technology capabilities and solutions

Conduct a demo or pilot of vendor products/services

Assess integration capabilities with existing systems

Review security protocols and data protection measures

Analyze vendor pricing and payment terms

Assess vendor financial stability and creditworthiness

Review previous financial performance and references

Negotiate terms and conditions

Draft and review service level agreements (SLAs)

Finalize contracts and obtain necessary approvals

Ensure clarity on deliverables and timelines

Set up vendor in internal systems (e.g., ERP, CRM)

Schedule training sessions for relevant staff

Provide vendor with necessary tools and resources

Establish communication protocols and points of contact

Define key performance indicators (KPIs) for vendor performance

Schedule regular check-ins and reviews

Implement feedback mechanisms for continuous improvement

Adjust the partnership as needed based on performance outcomes

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