Definitions for "Preferred Supplier"
Keywords:  supplier, pelham, steve, penn, vendor
A vendor contract relationship with the retail travel agency that will offer override commissions, co-op advertising dollars and special assistance to help the retailer achieve greater sales. In return the vendor expects the retailer to funnel a larger portion of his sales to the preferred supplier.
A vendor with which a travel agency has negotiated or earned a higher commission rate.
a BEN Buys approved supplier that has been recruited for participation in the Penn Marketplace