Managing Your Vendor File

It's almost impossible to keep track of your vendors, let alone how much business you're doing with them or where they are located. Mergers, acquisitions, divestitures and name changes are happening at increasingly faster rates. The need to manage your vendor file is clear; the benefits and how best to proceed are less obvious. This article addresses the latter — why and how to manage your vendor file. Why You Should Manage Your Vendor File Managing a vendor file may seem to be a mundane…