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Vendor selection in retail supply chain management is a systematic process through which a retailer identifies, evaluates, and appoints suppliers capable of meeting its operational and strategic requirements. The process typically begins with need identification, where the retailer defines product specifications, quality standards, delivery expectations, and cost parameters. This is followed by market research to identify potential vendors, after which requests for proposals or quotations are issued. Vendors respond with their capabilities, pricing, and terms, and these responses are then evaluated using predefined criteria. Shortlisted vendors may undergo further assessment _________ ____ __________ __________ _______ ___.
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