Use contracts and accounts payable records to compile a listing of all current vendors that provide parts/services. Ask stakeholders to verify and specify the following information for each vendor on the list:
- Contact information
- Description of parts/services provided
- Overall performance rating
- Does vendor have access to proprietary product information/protected company data? (Yes/No)
- Designation of vendor’s role in your operation (i.e., critical, important, or useful)
Once the AVL is created, you should remove vendors with unacceptable performance ratings and establish an approval process for adding and/or removing vendors in future revisions.