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The task force, which has about 16 core members, has made headway in expanding the pool of potential vendors.
ChoicePoint, a publicly traded corporation with 4,000 employees in 22 cities, provides various forms of intelligence to government and corporate clients, including results of employees' drug tests and background screening of potential vendors.
Many of these sites also include pricing information, making it much easier to quickly whittle down your list of potential vendors.
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You haven't done due diligence on potential vendors.
Sacramento's municipal utility recently held a conference call with potential vendors of credits to offset some of the 1.2 million tons of carbon dioxide emitted annually from its gas-fired power plant — possibly by buying 200,000 credits annually.
Forget Google ; within minutes, LinkedIn can rustle up loads of potential customers, vendors and talented hires in relevant industries and disciplines.
Wal-Mart's memo seeks information on wellness programs and preventive care and detailed financial information from potential vendors who work with providers of medical care.
After the potential vendors are determined, the degree of risk for this application must be defined to determine when and where audits are required.
And besides, unnecessarily stressing potential vendors may end up working against you, significantly increasing the odds of you receiving flawed, incomplete, or incomprehensible proposals.
Interested in potential vendors?
"There is a process where potential vendors can apply to become an approved vendor," Ms. Hada said.
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