Vendor List Validation Tool

Author(s): Michel Hebert

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Creating a wide pool of candidates for shortlisting improves the acquisition process by increasing the size of the product or service marketplace, creating options in both price and quality.

The Vendor List Validation Tool will help you with the following activities:
  • Identifying potential resources in seeking out vendor candidates.
  • Ensuring that all possible resources have been exploited in order to come up with a well-researched candidate list.
  • Recording the sourcing process.
Searches should start with proven vendors, specifically those who may already be on the enterprise's preferred vendor list. 

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