Preferred Supplier List
A preferred supplier list (PSL) is a tool used by procurement professionals to identify and track approved suppliers for specific products or services. The PSL can be used to streamline the sourcing process and reduce the risk of working with unapproved suppliers.
A PSL typically includes supplier contact information, as well as details on the products or services they provide. In some cases, the PSL may also include information on pricing, quality levels, and delivery times.