Final answer:
The organization should opt for private cloud services with single-tenancy PaaS services to meet regulatory requirements for data isolation and segmentation, ensuring a secure and controlled environment.
Step-by-step explanation:
The vendor management team should identify private cloud services with single-tenancy Platform as a Service (PaaS) services as a requirement during the procurement process to ensure segmentation and isolation of the organization's data in compliance with regulatory requirements. This infrastructure option provides a higher level of security and control compared to multitenant environments or public cloud offerings, which is essential for sensitive data handled by an ERP system. Moreover, a private cloud is dedicated to a single organization and not shared with others, which meets the need for isolation. The Platform as a Service (PaaS) model allows organizations to develop, run, and manage applications without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app.