Maintaining a single, centralized master record for each vendor is invaluable in managing the overall vendor relationship.
- Such a file provides an at-a-glance snapshot of the products and services procured from the vendor, contractual history, and a record of interaction between the enterprise and the vendor.
- It allows for distinct documentation of individual contractual agreements over the active lifecycle of individual products or services.
Use this template to build a master file for each vendor.