Standardizing the VMF

August 20, 2020

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Q. I have a vendor master file that is partially inherited and partially my own. I am looking to standardize the VMF. I was wondering what is best practice for cleaning up old unused vendors and what information is best to have when adding new vendors. A. (Answered by IOFM's Vendor Master File Specialist, Debra Richardson --https://www.debrarrichardson.com) Many Accounts Payable and Procurement team members find themselves with a vendor master file that is fully or partially inherited, that has…

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