CREATING NEW VENDOR

Vendor master: it is a file which contains information regarding the vendor.

                Eg: vendor name and address, banking and accounting info, payments terms and conditions, purchasing functions.

Partner functions are the functions or roles that a vendor can perform.  This functions can be performed by the vendor or any some other business partner.

Types of vendors:

1.       Regular vendor.

2.       Fixed vendor.

3.       One Time vendor.

4.       Service Vendor.

·         There are 3 different ways to create vendor.

1.       The vendor with company code.

2.       The vendor with purchasing organization.

3.       Central.