Vendor Sourcing identifies, evaluates, and selects suppliers that best meet the organization’s quality, cost, and service requirements. This stage includes supplier assessment, RFI/RFP processes, negotiation, onboarding, and contract execution. It ensures a reliable, compliant, and cost-effective supplier base that supports procurement and operational goals. Key Outcomes: • Improved supplier quality and reliability • Reduced procurement costs through competitive sourcing • Stronger contract alignment and compliance • Enhanced supplier relationship management