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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.

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