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Vendor Relations

  • Outreach from our sourcing team to vendor companies for briefings on their current offerings.
  • Briefings requested by vendor companies seeking to share information about their products, solutions, and market position.
  • Participation as independent reviewers at analyst round tables and industry forums to offer unbiased, third-party opinion on IT issues or solutions.

Veracious Canada Inc. is recognized by customers around the world for its services in delivering unmatched quality and performance. This achievement is supported by a strong network of manufacturers and suppliers supporting every facet of our business. We welcome new vendors that can deliver products and services to these standards.

What We Look for

Companies that provide our customer approved products and makes with high-quality goods and services, used by Veracious Inc. must demonstrate the following qualities:

  • A commitment to on time delivery
  • Adherence to our clients Quality Standards and requirements
  • Financial stability
  • Competitive pricing
  • Customer focus
  • Innovative business solutions
  • Demonstrated safety and environmental compliance

Supplier Selection Process

As a global company with deep roots in the local and international communities we serve, we are committed to developing partnerships to help us build a best-in-class supply chain. Veracious Canada Inc.’s supplier selection process enables us to source goods and services to meet the collective needs of the business at the highest quality and lowest total cost. For products not specific to clients specification we use six-Stage Supplier Selection Process We utilize a multi-step sourcing process to identify industry-leading suppliers capable of delivering goods and services that consistently meet our business needs and provide us a competitive advantage. The graphic below illustrates our ongoing search and evaluation process.

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Suppliers selected as a result of the supplier selection process will be designated as preferred supplier for current and future business opportunities.

Electronic Sourcing

Veracious Canada Inc. uses one of its kind customized e-Sourcing tool, to automate the sourcing process and to quickly gather information from all participating suppliers.

The following is a list of the types of online events in which interested suppliers might be able to participate:

  • Request for Information (RFI)
    Veracious Canada Inc follow a format that can be used for comparative purposes as a standard business process whose purpose is to collect written information about the capabilities of various suppliers.
  • Request for Quotation (RFQ)
    Veracious Canada Inc.’s RFQs typically include comprehensive price per item, payment terms and product information as requested to support the bidding process.
  • Request for Proposal (RFP)
    Veracious Canada Inc.’s RFPs typically involve more than a request for the price. Other requested information may include: basic corporate information and history, financial information. Product information such as stock availability and estimated completion period, and customer references that can be checked to determine a company’s suitability.
  • Reverse Auction
    Veracious Canada Inc. uses reverse auctions when customers require these services from us