Vendors are important business partners in the value chain and the system allows you to capture useful information about them and their capabilities. Detailed operational information can be captured in the Vendor Master like payment terms, delivery terms, packaging terms as well as tax registration details, vendor addresses and contact details. Once we have all this up, we can use the information across the enterprise and be able to issue POs, rate the vendor’s performance and have useful interactions with vendors with all this information.
