In addition to reviewing the accounts payable and general ledgers, information can be gathered from vendor listing files, departmental staff who deal with suppliers, vendors’ references, the Internet, and the suppliers themselves, to more fully understand the markets in which the suppliers are operating. In some instances, the same supplier may appear under different categories. For example, an office supply company may appear under office supplies, computer equipment, and furniture. Therefore, sub categorization that cross-lists vendors with their product and service types may be useful in the long run.
In addition to reviewing the accounts payable and general ledgers, information can be gathered from vendor listing files, departmental staff who deal with suppliers, vendors’ references, the Internet, and the suppliers themselves, to more fully understand the markets in which the suppliers are operating. In some instances, the same supplier may appear under different categories. For example, an office supply company may appear under office supplies, computer equipment, and furniture. Therefore, sub categorization that cross-lists vendors with their product and service types may be useful in the long run.
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