They organise vendor conference frequently in which they discuss the future projects. Also they have system of awarding the vendors for good performance. Thus the vendors remain motivated and aware of future developments. A Vendor's Perspective Whenever some vendor does business with some organisation, his main aim is to maximize his profit. He wants simplified process of vendor registration payments etc. Also if some dispute arises there should be a simplified process for the redressal. In the present scenario, railway is not giving much attention towards its vendors from the aspect of maintaining a good relationship. Which is highly discouraging for the emerging sources. New entrepreneurs are not willing to do business with the railways. The processes are a bit complicated and lengthy. Also most of the items are railways specific and they cannot be used anywhere else. So if a supplier doesn't get the offer again, his whole setup is idle which can lead to closure of firm. There have been no initiatives towards joint investment which is one of the basic pillar of the supplier relation management. Also suppliers have no information about the future trends and planning of Indian Railways thus they are not able to plan their activities accordingly. Negotiations meetings for scrap and purchase need to be there as a regular practice.
They organise vendor conference frequently in which they discuss the future projects. Also they have system of awarding the vendors for good performance. Thus the vendors remain motivated and aware of future developments. A Vendor's Perspective Whenever some vendor does business with some organisation, his main aim is to maximize his profit. He wants simplified process of vendor registration payments etc. Also if some dispute arises there should be a simplified process for the redressal. In the present scenario, railway is not giving much attention towards its vendors from the aspect of maintaining a good relationship. Which is highly discouraging for the emerging sources. New entrepreneurs are not willing to do business with the railways. The processes are a bit complicated and lengthy. Also most of the items are railways specific and they cannot be used anywhere else. So if a supplier doesn't get the offer again, his whole setup is idle which can lead to closure of firm. There have been no initiatives towards joint investment which is one of the basic pillar of the supplier relation management. Also suppliers have no information about the future trends and planning of Indian Railways thus they are not able to plan their activities accordingly. Negotiations meetings for scrap and purchase need to be there as a regular practice.