A formal _____ can be used for developing a list of approved vendors, comparing competing vendors, and to compare the performance of the vendors.

Question

Quizplus · Accepted Answer

A formal vendor analysis can be used for at least three purposes. First, it can be used to develop a list of approved vendors; second, a vendor analysis could be used to compare competing vendors; third, a vendor analysis can be done both before and after purchases to compare performance on evaluation criteria and evaluate the process of vendor selection.

A Formal _____ Can Be Used for Developing a List