What is Vendor Agreement?
Most large corporations have their own Vendor or Supplier Agreement that spell out their terms and expectations with their suppliers. For example, here is Kroger’s 32 page Standard Vendor Agreement. It is interesting that Kroger lists the 50 or so names it operates under on Page 17 including Fred Meyer, Harris Teeter, and Tom Thumb Food Stores.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "V"
- Validity Guarantee
A Validity Guarantee is a special kind of guarantee used in Invoice Factoring & PO Funding when a small business is owned by many individuals or a corporation. It is a guarantee that states the information submitted on a borrowing…
- Vendor Guarantee
A Vendor Guarantee or Vendor Assurance Program is when goods are pre-sold but your company’s credit and/or time in business will not allow you to buy the goods from your supplier on terms. Think of the Vendor Guarantee as an…
- Vendor Management System (VMS)
An Internet-enabled application that acts as a mechanism for business to manage and procure staffing services through third party staffing suppliers (temporary help as well as, in some cases, permanent placement services) as well as outside contract or contingent labor.…
- Vendor Management System or VMS
A Vendor Management System (VMS) is an Internet-enabled, often Web-based application that acts as a mechanism for business to manage and procure staffing services – temporary, and, in some cases, permanent placement services – as well as outside contract or…
- Vendor Portal
A Vendor Portal provides a single web interface for a large Company's suppliers to log-in and views open orders and balances as well as to submit information such as electronic invoices, delivery notifications, acknowledgments, remit to advice and more. A…
