C.Examine elements of the vendor selection process by doing the following:

1.Justify how a cost-benefit analysis will help to focus the vendor selection process.

2.Discuss the difference between a request for information and a request for a proposal.

a.Explain why one might be preferred.

b.Explain why both may be used.

3.Explain the elements included in writing a request for a proposal and the information included in each element.

4.Discuss how you would establish a good working relationship with vendors and company representatives involved in the selection process for new technology.