Explain why a selection criteria is needed

Your CEO wants to develop specific criteria to select vendors for office supplies, equipment, etc. and has asked you to investigate selection criteria.  In a two page  business memo:

• Explain why a selection criteria is needed
• Recommend specific criteria (no less than 5 elements)
• Explain why each element in the list is needed
• To strengthen your recommendation, include an example of a company and its criteria.

• Use the attached memo template.
• Support your memo with 2 to 3 credible references beyond the course materials.  Please note Wikipedia, Investopedia and similar websites are not credible academic references.