Hmwrk Google Vendor Compliance Guides VGCs Vendor Chargeba

Hmwrk = Google \"Vendor Compliance Guides\" (VGC\'s) & \"Vendor Chargebacks\"

List Bullet Points of \"What\'s Good about VCG\'s?

List Bullet Points of \"What\'s Bad about VCG\'s?

Overall, are you in favor of VCG\'s (yes or no)?

List Bullet Points supporting your reasons

Solution

Vendor Compliance:- Companies are dependent on various vendors for goods or services which are helpful in running the business. Types of vendors could be vendors include equipment manufacturers, suppliers, such as office supply stores, service providers, such as cleaning services, or companies that supply parts and materials.

Effectively managing various vendors is important for many reasons, such as reducing expenditure and ensuring that all processes go smoothly between the order and the payment.

Vendor Chargebacks: A chargeback is a fee that a customer assesses a supplier for errors in not following the customer’s business rules. The chargeback offsets the extra expense the customer incurs as a result of the supplier’s non-compliance.

\"What\'s Good about VCG\'s?

1. On Time delivery

2. Proper items delivery

3. Proper quantity delivery

4. Product and lead time competitiveness

5. Response to rush/emergency delivery requirements.

6. Warranty coverage

7. Good packaging including environmental aspects.

8. Invoicing efficiency

9. Technical emergency support

\"What\'s Bad about VCG\'s?

1. Excessive cost of management

2. In some cases setup of a different department

3. Manpower requirements

4. Stress on vendors.

Overall, are you in favor of VCG\'s (yes or no)? List Bullet Points supporting your reasons.

I am in favor of VCG because overall it as it is more good than bad for business.

1. It manages vendors’ performance and thereby company’s performance

2. It helps in establishing good performance metrics

3. Improves interaction with vendors

4. Improves information and data flow

5. Drive performance standards into the supply chain and business.