Master Vendor File
What is a Master Vendor File?
A master vendor file, sometimes called a supplier portfolio, is a complete catalog of an organization’s suppliers and vendors across every department. Master vendor files include data such as vendor contact information, diversity status, Tax ID, corporate hierarchy, spend amount, and more.
Master vendor files are often kept up-to-date by way of data enrichment—a third-party service that helps clean and correct the data of each vendor record.
