To evaluate the current vendor selection process in engineering product stores and identify areas for improvement.
To develop a comprehensive vendor selection and evaluation system that is tailored specifically for engineering product stores, based on best practices in the banking industry.
To assess the impact of implementing the new vendor selection and evaluation system on store efficiency, cost-effectiveness, and customer satisfaction.
Conduct a literature review on vendor selection processes in the banking industry and engineering product stores.
Analyze the current vendor selection process in a selected engineering product store.
Develop a new vendor selection and evaluation system based on the findings from the literature review and analysis of the current process.
Implement the new system in the selected store and gather data on its impact.
Evaluate the effectiveness of the new vendor selection and evaluation system based on key performance indicators such as cost savings, vendor performance, and customer satisfaction.
