Answer:
A vendor checklist is used to avoid errors in items supplied by the vendor. It gives assurance that the product meets specifications and there is no shortfall in quantity
Step-by-step explanation:
Vendor closing checklist is defined as a list that helps a manager to verify if all the items he ordered from a vendor meets his requirements, is complete, and is delivered on time.
This checklist is especially important because mistakes or intentional misrepresentation from the vendor will lead to payment for items not received or of low quality.
These losses eats deeply into the profit that the business is struggling to make.