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Glossary › Vendor Master File
What is Vendor Master File?
The vendor master file contains identity details, contracts, classifications, risk tiers, financial records, and lifecycle documentation. In TPRM, it centralizes key data needed for oversight, auditing, and risk evaluation.
FAQs
Why maintain a vendor master file?
To avoid duplication and ensure accuracy.
Does it support compliance?
Yes, by providing required documentation.
Is it used in onboarding?
Yes, it stores validated vendor details.
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