Vendor Selection: The Process of Selecting a New Vendor

Selecting a new vendor can be an exciting yet daunting task. Your organization must identify the right product or service, assess vendor risks, collect due diligence documentation, and remediate any issues. 

Having a structured process simplifies decision-making and reduces the risks. Follow the steps outlined in this infographic to guide your process. 

Download this infographic to learn:

• Key steps to follow
• Considerations for the vendor selection process