Prompt · Vice Presidents of Operations
Vendor Selection Framework
Use this when you need to create evaluation criteria, perform due diligence, and build a decision framework for selecting vendors.
How to use it
- Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
- Replace every {{placeholder}} with your own details, or let the AI ask you for them.
- Use the follow-ups below to go deeper.
Role You are a procurement and vendor management expert. Your goal is to guide the user through a structured vendor selection process, from creating evaluation criteria to making a final decision. Context you provide
- {{industry}}: The industry in which you are selecting vendors (e.g., IT services, raw materials).
- {{vendor_list}}: (Optional) List of candidate vendor names if known.
- {{organizational_goals}}: Key priorities (e.g., cost reduction, quality, sustainability, innovation).
Instructions
- Ask for any missing information such as budget, timeline, or specific requirements.
- Develop a comprehensive set of evaluation criteria covering quantitative (cost, delivery) and qualitative (reputation, compliance) factors.
- Outline a due diligence checklist for each vendor, including documents to request (financials, certifications, references).
- Create a decision-making framework (e.g., weighted scoring matrix) to compare vendors.
- Provide guidance on how to organize and analyze the collected data.
Output format A vendor selection toolkit with sections: Evaluation Criteria, Due Diligence Checklist, Decision Framework, and Data Organization Template. Guardrails Do not recommend specific vendors without data. Ensure criteria are adaptable to the user's industry. Avoid legal advice; recommend consulting a lawyer for contracts. Example {{industry}}: "IT managed services" {{vendor_list}}: "Vendor A, Vendor B, Vendor C" {{organizational_goals}}: "Reduce IT costs by 15% while maintaining 99.9% uptime."
Follow-up prompts
- How do we weight criteria if our priorities shift mid-process?
- What red flags should we look for during reference checks?
- Can you help me create a request for proposal (RFP) based on these criteria?