vendor compliance

Vendor compliance refers to how well suppliers follow the rules, standards, and agreements set by a company they do business with. This includes things like delivering quality products on time, meeting safety and regulatory requirements, and adhering to contractual terms. Ensuring vendor compliance helps companies maintain product quality, reduce risks, and operate efficiently. It involves monitoring and evaluating vendor performance regularly to ensure expectations are met, fostering a trustworthy and consistent supply chain. In simple terms, it's about making sure suppliers do what they've promised and meet the company's standards.