What does VSP mean in GENERAL

VSP is an item of equipment, material or service specially made or acquired from a third-party supplier for the purpose of fulfilling a specific requirement for your company. VSPs are typically more cost effective than in-house production options and are often much faster to acquire.

One major advantage of using VSPs is that they often cost less than in-house production. Additionally, acquiring and servicing a VSP product takes considerably less time since it can be sourced quickly from the vendor. This means that your team can focus their resources and energy on other core business areas.

Yes, most VSPs will usually come with some form of warranty or guarantee from the vendor. Depending on the specific product, this could range from a few months to several years worth of coverage. It’s important to read all terms and conditions carefully before making a purchase.

If you have an issue with your Vendor Supplied Product, it’s best to contact the original supplier directly as they are most familiar with their products and should be able to provide helpful assistance regarding your specific needs.

This depends on the specific terms set out by the seller when you purchased the item. In some cases, vendors may accept returns within a certain period of time but others might not - it's important to check before making any purchase decisions.

As with any acquisition process there are always risks involved when sourcing items externally such as counterfeiting or poor quality items being provided by unreliable suppliers. To reduce this risk it’s important to do thorough vetting and research before engaging in any contractual agreements.

Before accepting delivery of any products from third-party vendors it’s essential to conduct an inspection to ensure that all items meet all relevant requirements and meet accepted industry standards. This inspection can include conformance tests, visual inspections and sample testing.