The selection of vendors and suppliers is very important for the sale of any product by the company. The products introduced by vendors are an important aspect of the overall quality of the company. If the supplier or seller is known for poor quality, it will be ignored because higher quality products are more important in the long run. Quality is the highest priority in determining the criteria for selecting suppliers and vendors for this business. Other important elements in determining suppliers and sellers are price analysis, reliable service, conflict of interest for our business and ensuring free market competition with suppliers and sellers. Quality companies differentiate themselves from the competition with high-quality goods and services. The quality of the products will also increase the overall attractiveness of the company itself. Having superior quality products is not only great for advertising, but it shows that the supplier or seller truly cares about the product they produce. “Your suppliers should want to know how they are performing (arcplan, 2014). Outsourcing has become an important aspect of almost every company, but the provenance of these products is important in determining whether the company should select such suppliers. In an article about companies that outsource products, it states: “As manufacturing companies outsource more parts and services to focus on their core competencies, they increasingly expect their suppliers to deliver innovative, quality products on time and at competitive costs.” (Sharma, 2013). The higher the quality of the product offered by a supplier, the greater the likelihood of higher prices. Price Analysis Price is the other important factor to attract the consumer towards the company. We can have better prices with in-depth price analysis between each supplier and seller. Finding the best value for money is necessary to receive the highest rate of profit return. We want to get the better of the competition and having more capital will allow us to better distribute expenses to best satisfy every need. An article that exemplifies the objectives of price analysis with suppliers states: “The objective of price and cost analysis is to determine whether the price is fair and/or competitive, that is, it is reasonable in terms of the market, industry and final use of the goods or services purchased” (Selecting a Vendor 2011). Cheaper prices with good quality are the advantage we will have over the competition. Free market