Struggling with Vendor Empanelment? Let's Break Down What It Is and How to Succeed

Hi all,

I recently attended an interview where the interviewer asked me about "Vendor Empanelment." I have had very little and limited exposure to this topic, so I couldn't explain it in much detail. Could you please help me understand what Vendor Empanelment is and the steps that can help make it successful?

Thanks in advance.

Understanding Vendor Empanelment

Vendor empanelment is conducted by corporations as preparatory work before executing projects or to meet regular annual supply needs. This exercise is designed to save time for those executing the project. Vendors on the panel are also prepared to receive orders and can do their homework. Vendor evaluation and acceptance are important related activities, and the procedure may be elaborate. Please see a typical document downloaded from Google. It will dispel most of your doubts once you go through it.

Regards, V.Raghunathan