B) supplier evaluation, supplier development, negotiations, and contractingThe four stages of vendor selection, in order, are vendor evaluation, vendor development, negotiations, and contracting. The first stage of vendor selection is the vendor evaluation stage. The vendor evaluation stage involves identifying vendors and determining if they would be reliable suppliers. The second stage, vendor development, focuses on integrating a supplier into the supply chain. This stage involves outlining product specifications, developing quality control systems, creating a payment system, and developing procurement policies. The third stage, negotiations, is focused on quality, delivery, payment, and costs. The fourth stage is contracting, spelling out the terms of the relationship, designed to share risk, benefits, and create incentive structures to encourage SC members to adopt policies that are optimal for the entire chain.