Slide 3

Vendor Management

Vendors

Vendor is a person or organization that supplies Products or Services to your company. Vendor can also be a manufacturer or a re-seller.

Contacts

Contacts represents the people that are conducting business with you. They could be acting individually or representing an Organization.

Service Contracts

Service Contract is a negotiated agreement for the products or services rendered to your Organization by the Supplier. As per the agreed contracts, your supplier/vendor is supposed to offer service for the product for agreed period of time. It boosts the level of Organization satisfaction and builds healthy vendor relationships.