Vendor evaluation consists of an initial screening of proposals then a vendor audit of those who pass the initial screening.

Question

Quizplus · Accepted Answer

This statement is true. The vendor evaluation process typically involves an initial screening of proposals to narrow down the list of potential vendors, followed by a more in-depth vendor audit of those who pass the initial screening. The audit may include a review of financial information, references, and other relevant data to help determine which vendor is the best fit for the organization's needs.

Vendor Evaluation Consists of an Initial Screening of Proposals Then