How to identify& justify the vendor at making PO

Question

Accepted Answer

Vendors can be identified and justified for making PO by evaluating their quality, reliability, pricing, and delivery time.

Evaluate vendor's quality by checking their past performance, certifications, and customer feedback
Check vendor's reliability by verifying their financial stability and ability to meet deadlines
Compare vendor's pricing with other suppliers in the market
Consider vendor's delivery time and ability to meet urgent requirements
Ensure vendor's compliance with legal and ethical standards
Justify vendor selection based on the above factors and the company's procurement policies

How to identify&amp; justify the vendor at making PO