This document discusses vendor master records in SAP, which contain all key information for a company's contacts with vendors, including for procurement and sales. It notes the vendor master contains details like name and address and is the main source of vendor data. The document also provides the menu path and transaction code for creating a vendor master record in SAP and lists some of the information sections included in a vendor record, such as purchasing organization data and bank details.

1.  Vendor data record that containing all the information necessary for any
contact with a certain vendor,in particular for carrying out business
transaction.
 This is the enterprise main source of vendor specific data.
 This data will include information on vendors from which a company can
procure or it can sell.
 Vendor Master Record will contain information like vendor's name,
address.

5. Path to create Vendor Master:
SAP Menu => Logistics => Material Management => Purchasing =>
Master Data => Vendor => Central => Create
TCode: XK01

6. LFA1 – Vendor Master
LFB1 – Vendor / Company Code
LFM1 – Purchasing Org Data
LFM2 – Purchasing Data
LFBK – Bank Details
EKPA – Partner Functions

8.  Internal vendors
 External vendors
 One time vendors