Describe vendor relationship management

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Reference no: EM133852030

Assignment:

Once vendors are hired, procurement and project managers actively track vendor performances and maintain positive vendor relationships. Based on performances, vendors may either be awarded another contract or fired. Describe vendor relationship management and vendor performance tracking activities that you would recommend to ensure that all parties satisfy long-term objectives. Share experiences or knowledge gained through reading relevant articles. Please include references.

Reference no: EM133852030

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