NSITE DOCUMENT

DRAFT Vendor Vetting Ideas for Procurement Community Input Chris Smith 02152024.pdf

  • Library: Purchissues
  • Year Created: 2024
  • File Type: PDF
The document is authored by Chris Smith, who is preparing for procurement certifications. It discusses the importance of vendor vetting and due diligence in procurement processes. The author seeks feedback on a draft research file related to vendor onboarding practices, risk mitigation, and due diligence checks. The document includes questions for consideration such as what vendor information to request, what to verify, and how to leverage best practices with limited procurement resources. It also addresses the balance between thorough checks and not negatively impacting small businesses. The author inquires about outsourcing checks, monitoring activities, and the monitoring of approved vendors under cooperative contracts. Additionally, the document touches on ERP systems' compliance check levels for vendors and the handling of active/approved vendors in procurement systems. Lastly, it mentions exceptions for micro and small purchases where vendor checks may not be required.
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