After conducting a vendor analysis on potential suppliers, purchasing managers are likely to choose the vendor that:

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Purchasing managers are responsible for ensuring that their companies acquire goods and services of the right quality, in the right quantity, at the right price, and at the right time. After conducting a vendor analysis, purchasing managers are most likely to choose the vendor that enables their firms to operate more efficiently with the least risk. This means that purchasing managers will prefer a vendor that can provide high-quality goods and services, has a good track record, offers competitive pricing, and ensures timely delivery. The focus is on value, not just on price, and on minimizing risks associated with the procurement process.

After Conducting a Vendor Analysis on Potential Suppliers, Purchasing Managers