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In retail supply chain management, the vendor selection process is a critical activity that directly affects operational efficiency, customer satisfaction, and long-term profitability. Selecting the right vendor involves evaluating potential suppliers based on multiple criteria to ensure that the partnership aligns with the retail organization’s strategic goals. The process begins with defining the requirements clearly, including the type of products, quality standards, delivery schedules, and budget constraints. Retail managers typically issue a request for proposal (RFP) or request for quotation (RFQ) to invite vendors to submit their capabilities and terms. After receiving responses, the evaluation phase involves comparing vendors on parameters such as price, quality, reliability, capacity, and compliance with legal and ethical standards. Site visits, reference checks, and trial orders __________ ________ ______ __________ ________ _______.
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