#vendor-management
Strategies for selecting, managing, and optimizing vendor and supplier relationships for small businesses
Three firms must pay $930,000 for selling fake AI 'Active Listening' ads; deceived buyers get redress, booked against ad expense, not revenue.
Under UCC 2-601, buyers may reject goods that fail the contract in any respect — unless the seller cures or the deal is an installment contract.
Extra terms in an acknowledgment enter the contract between merchants unless objected to — but conflicting terms knock each other out.
A requirements contract quantity is whatever you genuinely need; UCC 2-306 polices it with good faith and a ban on orders far from the estimate.
Software escrow holds your vendor's source code with a neutral agent, releasable on insolvency or support failure — verify it builds, or it protects nothing.
The gross method books purchases at full invoice price; the net method books them minus the discount and flags misses as Purchase Discounts Lost expense.
Remittance advice tells your supplier which invoices a payment covers — invoice numbers, discounts, and credits included — so cash applies cleanly.
Walmart fines 3% of COGS per case missing its 90% on-time and 95% in-full targets — dispute fast in HighRadius with PO, ASN, and delivery proof.
Exclusive territory, purchase quotas, MAP pricing, trademark control, and sell-off rights decide who bears the cost when a distribution relationship ends.
Retailers deduct 1–5% per violation for late shipments, bad labels, and missing ASNs — dispute fast with PO, ASN log, and proof of delivery.
About 80% of off-invoice U.S. retail deductions are shortage claims, many invalid — win with proof-of-delivery packets filed in each retailer's window.
Single-use virtual card numbers lock each AP payment to one vendor and one amount, cutting check fraud while earning rebates of about 0.5% on spend.
