Vendor management is the process of developing and maintaining relationships with suppliers and vendors to ensure that goods and services are delivered efficiently and effectively. This area of research involves studying best practices for selecting, monitoring, and evaluating vendors, as well as developing strategies for managing vendor relationships and mitigating risks. Vendor management also explores ways to improve communication and collaboration with vendors to achieve mutual goals and objectives. Overall, research in vendor management seeks to optimize procurement processes and enhance the value derived from supplier relationships.