The Approved Vendor List is Select one:?

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Hello Team,

An approved vendor list (AVL) is a listing of various types of suppliers and providers that a company has agreed meets its standards in terms of quality and price, and has authorized purchasing agents and others within the company structure to place orders with when and as required. Along with companies, non-profit organizations and even governmental departments will also normally assemble a list of approved vendors to use for everything from stocking the vending machines in an employee break area to the purchase of high-priced equipment for use in a manufacturing operation. Typically, any supplier who wishes to be added to the approved vendor list of a company or other organization must meet and maintain stringent standards set by the customer.

While the requirements for inclusion on an approved vendor list vary from one situation to another, the need to provide goods or services of high quality at competitive prices is often essential. Customers may also evaluate attributes such as the ability of the vendor to promptly fill large quantities as part of an order, effectively managing recurring or standing orders without fail, and manage the delivery process in a manner that the customer considers timely and efficient. Most companies and government agencies will have specific criteria that any supplier must meet before being considered for inclusion on the list, and will often share that criteria with any provider who is interested in doing business with the company.

Regards,

Saiyid

Option B is the right answer. Because approved vendors means qualified vendors.

Factors to consider for inclusion in the Vendor evaluation are:

• Timeliness of deliveries
• Service availability
• Completeness and accuracy of order 
• Quality of products or services received

Answer (B). A list of vendors who have been qualified to supply materials and services and have been approved for purchasing  

Thanks for the inv. As I know I think b is the good answer

option b is will be my answer ..............

 sameer abdul wahab alfaddagh  I agree with the answers mr 

The Approved Vendor List is

B. A list of vendors who have been qualified to supply materials and services and have been approved for purchasing

thanks for the invitationPurchase administration draw up a list of suppliers and Rated the best selection on the basis of criteria