Many industries are operating in the world of business. The industries can get associated with some companies while some industries also get an association with goods and services. No matter which type of products a company is dealing with, it always needs vendors that can help the company and the customers in placing orders and also in receiving the orders placed by them. This shows a vendor has a very important role in any business. Before the company chooses any vendor to deal the goods and services with, it requires all the information related to the vendor. The information is…