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Mastering the Art of Vendor Selection: A Friendly Guide

Nanonets

In  clinical research ,  vendor management  involves stringent  regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014. Then, businesses can conduct extensive research to locate and select the right vendors who align with their needs.

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Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

Nanonets

Supplier Evaluation and Selection Process: The procurement team conducts market research to identify potential suppliers. They send out Requests for Information (RFI) to gather initial data on suppliers' capabilities and compliance with industry standards. RFP Responses: Received: All 8 suppliers respond with their bids.