- Primary vendors that are crucial to your business. This includes vendors from which you purchase goods for resale, and can also be vendors such as your online shopping cart because if it goes down, you lose sales. These are your vendors that you could not do business without.
- Secondary vendors that provide support indirectly, such as maintenance to machines you use or vendors that provide human resource benefits. Your business won’t be terribly disrupted if something happened to these vendors; you will still be able to operate.
Once you’ve made your lists, let’s focus on your primary vendors first. If this is a large list, you may want to further prioritize it by sorting the vendors you are most dependent on to the top of the list.