Cleaning Your Vendor File

by Jon Casher - Vendor files are a more critical resource than most companies realize. Vendor file cleansing can be the most costly, time consuming and frustrating step of vendor file management. Done properly, files with as many as 100,000 companies can be cleaned up in less than 90 days. Files with fewer than 10,000 vendors can be cleaned up in a month, and those with fewer than 1,000 vendors can be cleaned up in a week. Presented below are specific ways to make a vendor file more accurate…