preferred vendor Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “preferred vendor” in the English Dictionary

"preferred vendor" in Business English

See all translations

preferred vendornoun [C]

uk   us   (also preferred supplier, approved vendor) COMMERCE
a ​manufacturer or ​seller that has a continuing ​arrangement to ​provide a ​business or ​organization with ​products or ​services, often at a ​reducedprice: It is not uncommon for ​firms to re-evaluate their ​preferredvendorlist every three to five ​years.
(Definition of preferred vendor from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of preferred vendor?
Add Cambridge dictionaries to your browser to your website
Word of the Day

drum

a musical instrument, especially one made from a skin stretched over the end of a hollow tube or bowl, played by hitting with the hand or a stick

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More