This phase, Evaluate and Select Vendor, will help you evaluate vendor proposals, select the best balance of cost and fit, and make a recommendation to management. This phase will take you through the following activities:

  • Select evaluation method and framework
  • Perform due diligence
  • Evaluate pricing
  • Select and recommend a vendor

Use this phase as part of the full blueprint, Implement a Proactive and Consistent Vendor Selection Process.

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Implement a Proactive and Consistent Vendor Selection Process

Formalize your process to eliminate bias and maximize value.

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