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Vendor Master Data Management

oboloo Glossary

Vendor Master Data Management

Vendor Master Data Management is the process of managing information about external vendors that your company works with. This data includes the vendor’s contact information, payment terms, and products or services they provide. Vendor Master Data Management helps keep your business organized and efficient by providing a single source of truth for all data related to your vendors. With a unified system in place, you can make better decisions, reduce errors, and save time, money and valuable resources.

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