Posted in Operations and Supply Chain Terms, Total Reads: 5265
Definition: AVL (Approved Vendor List)
As a part of the supply chain, each business is connected to various other businesses to procure its raw materials etc. These businesses are typically referred to as suppliers/vendors. Each organization maintains a detailed list of its suppliers, the item they supply and the recent shipment history. Such a list of the approved suppliers is also referred to as the Approved Supplier List (ASL) or the Approved Vendor List (AVL).