Creating a vendor shortlist is a critical step in ensuring successful project outcomes. It helps you streamline vendor evaluation and select partners that align with your business goals.
A carefully curated shortlist saves time and resources by filtering out non-aligned vendors early in the process.
Shortlisting helps ensure smoother implementation, clearer communication, and better long-term results.
Define the scope, timeline, budget, and critical features needed from a vendor solution.
Use directories, peer recommendations, case studies, and analyst reports to discover suitable vendors.
Review past projects, customer feedback, and industry reputation.
Evaluate how well each vendor understands your industry, processes, and technology environment.
Engage vendors early with short calls or discovery sessions to assess interest and fit.
Apply weighted scoring across your key criteria to eliminate bias and drive transparency.
A structured shortlist process enables better decisions, reduces risk, and boosts overall project success.
