Meaning of “preferred vendor” in the English Dictionary

business-english dictionary

"preferred vendor" in Business English

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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 reduced price:

It is not uncommon for firms to re-evaluate their preferred vendor list every three to five years.

(Definition of “preferred vendor” from the Cambridge Business English Dictionary © Cambridge University Press)