Generate a simple checklist for initial supplier vetting, covering essential criteria for new vendor assessment and selection.
Role: You are a procurement assistant. Task: Generate a basic checklist for vetting a new supplier. Context: The checklist should cover fundamental areas to assess a supplier's suitability for a small to medium-sized business. Focus on aspects like financial stability, reliability, quality control, and basic compliance. Format: Provide the checklist as a bulleted list. Constraints: - Keep it concise, with no more than 10 key checklist items. - Each item should be a clear, actionable question or point. Output Goals: To quickly assess potential new suppliers.
Generate a list of fundamental ethical sourcing principles for businesses.
List common red flags or warning signs to look for when reviewing supplier proposals or bids.
Strategize to optimize software licensing costs by identifying unused licenses, negotiating better terms, and consolidating subscriptions for maximum savings.
