A company who develops strong supplier relationship will have lower overall transaction costs.
The benefits of having a preferred supplier list are:-
1. Putting your list together
2. Better Control
3. Ensures best value and cost savings
4. Improve the payment terms
5. Easy Ordering
How to Add Suppliers?
Go to - Settings - Go to Suppliers -
Click on-Create Supplier
Update the Supplier Name
Phone Number
Address
If want you can add any specific notes for any particular supplier.