The goal of a vendor audit is to evaluate potential suppliers in terms of cost and quality of merchandise.

Question

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The goal of a vendor audit is to evaluate the capabilities of potential suppliers in terms of their quality management systems, production processes, financial stability, and compliance with legal and social responsibility standards, in order to determine whether they meet the buyer's requirements and expectations. Cost and quality of merchandise are important factors to consider, but they are not the only criteria to assess.

The Goal of a Vendor Audit Is to Evaluate Potential