After establishing the purchase and vendor evaluation criteria, it's time to put together a broad list of potential vendors. The vendors should be compared alongside one another in order to help define the most suitable candidate.

Use this tool to complete the following activities:
  • Shortlist top candidates based upon a variety of categories.
  • Demonstrate the thoroughness of the evaluation process to internal stakeholders.
This tool can be used in any purchase scenario but is particularly effective in shortlisting candidates to a manageable size (three to five candidates) before issuing a Request for Proposal.

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