Vendor development is functional activity where in you search for vendors to meet your oranizational requiremets to supply the material based on price,quality,delivering capacity of vendor,service,etc...
VD is the relationship the company has with its vendors over a period and that deals with all kind of activities that takes place in procurement cycles are followed through closely by this department in terms of material follow up etc...
Vendor development is nothing but developing /finalizing source of supply for material or service based on criteria of organization e.g. rates,delivery time etc
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