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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.

All 21 prompts in this lesson

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

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

  1. Ask for any missing information such as budget, timeline, or specific requirements.
  2. Develop a comprehensive set of evaluation criteria covering quantitative (cost, delivery) and qualitative (reputation, compliance) factors.
  3. Outline a due diligence checklist for each vendor, including documents to request (financials, certifications, references).
  4. Create a decision-making framework (e.g., weighted scoring matrix) to compare vendors.
  5. Provide guidance on how to organize and analyze the collected data.
  6. 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?