Vendors being strategic partners in every business, it is essential to understand the financial and management strengths of vendors, the diversity of their activities, and the business environments in which they function. CRIS-Vens ;provides corporate entities with this critical information. The objective of vendor assessment is to determine the extent to which a particular vendor will be able to meet his/her delivery obligations, both now and in the future. The search for an acceptable supplier can be greatly assisted by adopting a systematic approach to vendor appraisal and evaluation.
CRISIL's analytical strength forms the core of this service. It includes analysis of both financial and non-financial data gathered from the vendor's P&L statement, balance sheet, bank statements, management discussions, and feedback from bankers, customers, suppliers, and other relevant sources. Site visits are also conducted to gather ground-level information.