Templates
Vendor Management
Vendor Requirements Checklist
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Vendor Requirements Checklist

1
Identify the vendor requirements needed
2
Research potential vendors
3
Collect necessary data on potential vendors
4
Analyse vendor capabilities
5
Confirm the vendor's reputation and performance
6
Review vendor’s financial stability
7
Approval: Financial Review
8
Evaluate vendor's customer service
9
Investigate vendor's problem-solving abilities
10
Review contract terms and conditions
11
Approval: Legal Review
12
Check for necessary licenses and certifications
13
Approval: Certification Verification
14
Examine vendor's adherence to internal and external regulations
15
Determine if vendor can meet delivery requirements
16
Assess vendor's contingency plans
17
Approval: Contingency Plan
18
Review the validation of the vendor’s products/services
19
Complete final scoring of potential vendors
20
Approval: Final Review of Vendor