Additional resources on Vendor Relations best practices
Managing vendor relationships can be a challenge, especially as organizations make more and more demands on their vendors, such as improved pricing, terms and shipment quality. On the payables side, vendors are being asked to invoice using e-invoicing or EDI, to accept payment via ACH, EFT or credit card and to register and work with…
You interact with vendors every day. You do it in the context of specific, necessary functions like gathering requisite information, processing invoices, issuing payment, and answering inquiries. Your focus may be on just that. Getting those things done as well as your team and conditions allow. Any thought of the actual vendor is merely a second…
Teach your Internal Employees how to do business with the Vendor Team, including processes for adding or changing vendors as welll as about important internal controls, vendor team roles and more. Click here to view or download presentation slides. Vendor Welcome Letter template Vendor Policy template
If ever there was a time you want good relations with vendors, it’s when times are tough. For example, the impact of the pandemic on the economy challenged many businesses while offering opportunities to others. In early 2021, bankruptcy declarations ticked up. As your organization works to survive the storms of change it is critical…