The Vendor Onboarding Checklist is designed to help streamline the process of bringing on new vendors. It helps ensure that all the necessary steps are taken to get the vendor up and running. The checklist includes steps such as gathering necessary information, completing paperwork, conducting background checks, and setting up accounts. This ensures that all stakeholders have the necessary information to ensure a successful vendor relationship. The checklist also outlines how to monitor performance and track progress. By following the checklist, companies can ensure a smooth onboarding process and make sure they have the right vendors to meet their business needs.