IGNOU BRL 115 2026 - Discuss the Vendor Selection Process. What criteria should a retail ma

Question

Discuss the Vendor Selection Process. What criteria should a retail manager prioritize when selecting a long-term strategic partner versus a transactional vendor?

28 Feb 2026

Answer :

Word Count : 483

The vendor selection process in retail supply chain management is a critical activity that directly impacts inventory efficiency, cost management, customer satisfaction, and overall operational performance. Selecting the right vendor involves a systematic evaluation of potential suppliers to ensure alignment with the retailer’s business objectives, operational requirements, and long-term strategy. The process typically begins with identifying the need for a particular product or service and defining the requirements, including quality standards, delivery timelines, pricing, and compliance with legal or regulatory norms. After establishing these criteria, retailers develop a list of potential vendors, often sourced through market research,

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