High-Level Vendor Selection Criteria
Imagine that we need to outsource sustenance engineering activities for a large-scale eCommerce application developed in the .NET framework, while your internal team rewrites this system from scratch using a different approach. Currently the cost of sustenance engineering is roughly US$2M.
Let’s define high-level vendor selection criteria using the Golden Rules of Vendor Selection as the guidelines.
Rule 1: Size Matters. Using 1 percent and 20 percent of the vendor’s revenue stream as a guideline, we determine that we should be looking only for vendors that generate between $10M and $200M a year.
Rule # 2: Look for a Good Match. Based on our system’s technology and production environment, we’ll look ...
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