Vendor Approval Process is a system of approval and review for selecting the vendors that will be entrusted with the responsibility of providing necessary goods, services, or technology. It ensures that all decisions are made in a rational and consistent manner, taking into account each vendor’s abilities to meet requirements and offer a competitive price. The process also helps to ensure that organizations have access only to trusted vendors which can provide products of high quality and performance. Engage your management and stakeholders today to ensure that you select only the best vendors for your organization’s success!