P2P Vendors, or Peer-to-Peer Vendors, are defined as independent contractors or freelancers who provide services to businesses on a project-by-project basis. This type of vendor relationship is becoming increasingly popular as businesses look for ways to reduce overhead costs and increase efficiency. P2P Vendors are typically used to fill short-term gaps in staffing, provide specialized skills or services, or provide access to technology and resources that may not be available in-house. This type of vendor relationship allows businesses to tap into a global network of experts and resources to quickly and cost-effectively meet their business needs. P2P Vendors can also provide a cost-effective way to test new products or services without making a long-term commitment. By using P2P Vendors, businesses can quickly scale up or down as needed, without having to worry about the overhead costs associated with hiring full-time employees.
