A preferred vendor program is one in which a vendor agrees to give a discount to a large block of buyers.
We implemented
a preferred vendor program with selected manufacturers to assist with marketing funds to further promote our growth and their products.
Although A2L is a preferred vendor for a number of major law firms, most
preferred vendor programs have largely focused on e-discovery, legal process outsourcing, and other more easily commoditized services like copying or scanning.
I have been watching carefully as various firms, both law firms and large companies, make us a part of
their preferred vendor programs as a provider of litigation consulting services.
HFS has already created
preferred vendor programs to reduce overhead expenses for Century 21 brokers.
The purpose of expansion was to increase market presence to facilitate
preferred vendor programs.