Question

Management support with vendors how to relationship

Answer 1

8 Tips for Vendor Management Success

1. Share Information and Priorities. ...
2. Balance Commitment and Competition. ...
3. Allow Key Vendors to Help You Strategize. ...
4. Build Partnerships for the Long Term. ...
5. Seek to Understand Your Vendor's Business Too. ...
6. Negotiate to a Win-Win Agreement. ...
7. Come Together on Value. ...
8. Vendor Management Best Practices.

Answer 2

Explanation:

Thank you for this question.

Maintaining relationship with vendors is an important aspect of any business. 

The process responsible for managing relationships with vendors is called;

Supplier Management.

In supplier management, the business firm deals with the payments of the vendors etc. It deals with the management and communication with the vendors/suppliers.