Some Tips1. Share Information and Priorities
The most important success factor of vendor management isto share information and priorities with your vendors. Thatdoes not mean that you throw open the accounting booksand give them user IDs and passwords to your systems.Appropriate vendor management practices provide onlythe necessary information at the right time that will allow avendor to better service your needs. This may includelimited forecast information, new product launches,changes in design and expansion or relocation changes, just to name a few.