Name Least Three Pieces Information Procurement Department Able Supply Pm Potential Vendor Q34239047

Name at least three pieces of information a procurementdepartment should be able to supply the PM about potential vendors?Does this change throughout the project? Why?

Expert Answer

Procurement Department should be able to supply the PM withfollowing information:

1. Financial capability of vendor to complete the order

2. Technical capability of vendor i.e. proven track record,quality of work, technical understanding regarding scope of work,etc.

3. Capacity of production i.e. current workload of vendor,man-power available, future expected orders

The above information changes changes during the project. E.g.Financial condition of vendor may change if it make profit / lossin some other project which is undertaken simultaneously by