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In the retail industry, the vendor selection process is crucial for ensuring a smooth and efficient supply chain. It involves evaluating potential suppliers or partners based on several factors that align with the company’s business needs, values, and objectives. A retail manager must prioritize different criteria depending on whether they are selecting a long-term strategic partner or a transactional vendor. When selecting a long-term strategic partner, the retail manager should focus on compatibility, mutual goals, and the ability to adapt to _____ __________ ___ ________ _____ ___ ___.
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