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| Nov 8, 2009 |
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Business of Information Technology >
Business Processes >
Procurement >
Purchasing >
Supplier Management >
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ALSO CALLED: Selecting Vendors and Companies
DEFINITION: A tier 1 vendor is one of the largest and most well known in its field -- often enjoying national or international recognition and acceptance. Vendors may be both manufacturers and value-added resellers (VARs). For example, Cisco Systems Inc. is regarded as a tier 1 vendor in storage area network switching equipment and related technical certifications. Tier 1 vendors may also be a "preferred"
Definition continues below.
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Vendor Selection Multimedia
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VENDOR SELECTION DEFINITION (continued):
A tier 1 vendor is one of the largest and most well known in its field -- often enjoying national or international recognition and acceptance. Vendors may be both manufacturers and value-added resellers (VARs). For example, Cisco Systems Inc. is regarded as a tier 1 vendor in storage area network switching equipment and related technical certifications. Tier 1 vendors may also be a "preferred" vendor that provides products and services to you at appealing prices or other favorable terms.See also: tier 2 vendor Vendor Selection definition sponsored by SearchITChannel.com, powered by WhatIs.com an online computer dictionary
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