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The vendor selection process in retail supply chain management is a systematic and strategic activity aimed at identifying, evaluating, and engaging suppliers who can meet the operational and strategic needs of the business. It begins with clearly defining procurement requirements in terms of product specifications, quantity, quality standards, delivery timelines, and budget constraints. This is followed by market research to identify potential vendors, using sources such as supplier databases, trade fairs, industry references, and digital platforms. Once a pool of vendors is identified, a request for proposal (RFP) or request for quotation (RFQ) is issued to gather detailed information regarding pricing, capabilities, and service offerings. The evaluation stage ___ ________ ______ ____ _________ ______ ______ __________.
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