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Vendor development is one of the popular techniques of strategic sourcing, which improves the value we receive from suppliers. Vendor Development can be defined as any activity that a Buying Firm undertakes to improve a Supplier's performance and capabilities to meet the Buying Firms' supply needs.

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Definition of financial development?

finacial development


What is the definition of skills development?

Skills development is the training and development that the employer provides to his employees in the workplace. It is often construed that only training that is provided by an outside training provider falls within the definition of skills development. The definition also includes on-the-job training provided by the employer.


What is the definition of Vendor management?

Vendor management is a process that helps an organization onboard vendors and manage the suppliers. A vendor can be an individual or company. The terms supplier and service provider are also alternatives to the term vendor. A business could have a few or many different vendors, each with different terms and conditions. Vendor management is the term used to describe all of the activities the customer organization should perform, so it can obtain the best value from its vendor arrangements. These activities including researching the IT marketplace for products and services, sourcing and selecting vendors, obtaining quotes, negotiating contracts, managing relationships, evaluating vendor performance, managing deliveries of products and services, and paying the vendor for them. The vendor management activities and the level of management required for each vendor will vary, according to the charateristics of the vendor and what products and services it supplies. To be effective vendor management requires specific skills, allocated time and sufficient resources.


Definition of pharmacy?

manufacturing, development, marketing and distribution of the medicine


What is the definition of early pregnancy?

The definition of early pregnancy is known as the first trimester. The duration of the first trimester is 12 weeks, and includes conception, implantation, development of the embryo and development of the fetus.

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Definition of financial development?

finacial development


What is vendor rating?

The definition of vendor rating is the process using quantitative assessment to approve and evaluate potential suppliers. The process is of the compliance with the legislation by suppliers that uses fair evaluation criteria.


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What do mean by vendor?

Seriously, that makes no sense at all. If you want the definition of vendor, it's somebody that sells something. Or, do you mean what does somebody mean by vendor? If so, please provide the context. Otherwise I have no idea what you mean. Please, ask questions that actually make sense.