What's the benefit of going through the vendor assessment process?

Are you absolutely sure you know which vendor you'll choose? Ask yourself some simple questions: What are you basing your certainty on? Do you have facts, experience, or data to back your decision? What if something changes—for instance, your needs, or the range of available vendors? Without a formal vendor assessment process, you run the risk of making slanted, misinformed, or uninformed choices. An assessment process is the best way to help your business partners make objective, fact-based decisions:

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