Vendor Selection

ALSO CALLED: Selecting Vendors, 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.

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
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