Selection Stage

About the Selection Stage

Once the scope of work has been properly defined, the next step is identifying the potential vendor or vendors that have the resources, capabilities, and requisite experience to provide the desired services. The [vendor] selection stage can be a very complicated and emotional undertaking. The main challenge is to ensure a vendor is chosen that delivers quality services at a reasonable price point, one that reduces risks, and one that you can trust. Choosing the right vendor is much like choosing a good partner; the chances are that if you make the right decision from the onset you will have a potentially lasting relationship while choosing the wrong vendor could damage and thwart a well-intentioned outsourcing project. Therefore, after a list of potential vendors have been drawn, conducting due diligence on the targeted vendors is key to selecting the best fit for your organization.


Example: Communication to Business (Partnership Plan and Selection)

A critical communication to send out is the communication regarding who was selected and why, as well as information about what happens next, timelines, training and any role your employee population may assist with should be outlined in this communication as well. This communication is about being successful in what has been doe up to this point so remember to recognize and thank all those involved.

Disclaimer: Although the HR Buyer Resource Toolkit has been composed with the utmost care, neither author nor editor nor publisher can accept any liability for damage caused by possible errors and or incompleteness in this publication.  It is provided with the understanding that it should not replace the use of a (internal or hired) legal or accounting service where applicable and information may be changed or updated regularly to reflect the most popular opinions, as well as resources available.