The purpose of vendor registration is to streamline the business process and ensure transparency, efficiency, and accountability. By maintaining information on registered vendors, organizations can easily identify and communicate with potential vendors when the need arises. It allows for pre-qualification of vendors, ensuring that only qualified and credible suppliers are considered for future projects or contracts.

Vendor registration may be a mandatory requirement imposed by government entities, large corporations, or institutions to ensure fairness, competitiveness, and compliance with legal and regulatory frameworks. It helps prevent fraudulent activities, promotes healthy competition, and enhances the overall quality of goods and services procured by an organization.