Partner Vendor Collaboration (PVC) is an essential component of procurement. It’s a mutually beneficial relationship between a business and a vendor that involves the ongoing exchange of ideas, resources, and capabilities to meet each party’s goals. By engaging in PVC, companies can get access to new technologies, innovative ideas, and strategic partnerships that give them the edge they need to stay competitive in their field. With the right partners, businesses can create a system of trust and understanding that helps ensure the success of both parties. Companies looking to collaborate with vendors must take a proactive approach and be willing to invest time, effort, and resources into developing a strong relationship.