What not a lot of people are aware of is that if you are providing market data, you are considered to be the vendor of record
, and by being considered the vendor of record
, you and your client need to make sure that all of the appropriate paperwork is completed for each type of market data," Actman said.
"We are the vendor of record
at retailers, and we coordinate vendor payable, invoicing and collections, and reporting as well as being International Financial Reporting Standards compliant."
As a Vendor of Record
, TNS also provides raw market data to any TNS on-net point-of-presence, as well as hundreds of other feeds worldwide.
Woodstock Lamp & Shade had been a vendor of record
to Wal-Mart, chains and several specialty lighting retailers...
"We were fortunate in that we were a vendor of record
for almost all of the accounts," Childers says.
Emerson Healthcare is vendor of record
at all retailers and has opened many doors for single-brand manufacturers with unique products to gain access to distribution while minimizing risk across all parties.
This revenue run rate will immediately be assumed by OmniResponse as the new vendor of record
at Home Shopping Network, USA, as part of the company's Live Shopping Division.
Beginning in March 2010, Turner will be the vendor of record
for more than 100 titles, including 'The Source: A Guidebook of American Genealogy,' 'Ancestry's Red Book,' and '1-2-3 Family Tree' as well as numerous other titles, the company said.
"Being a vendor of record
means nothing any more," said another housewares executive of the competitive line review and auction process.
EHC is a vendor of record
at all retailers and has opened many doors for single-branded manufacturers with unique products to gain access to distribution while minimizing risk across all parties.