Trusted Master Vendor Service.

3PP in the Master Vendor or Consolidation Vendor Context:

In a Master Vendor arrangement, the third-party procurement provider can serve as a central point of contact between the buyer and multiple vendors, handling all procurement activities on behalf of the buyer. This may include:

• Sourcing goods and services from a pre-approved network of suppliers.
• Managing the procurement lifecycle, from requisitions to purchase orders, to delivery and payment.
• Ensuring compliance with buyer policies and regional regulations.