Is there any standard solution to block a vendor? For example, if the purchasing team decides to blacklist a vendor, the result should be that users cannot process any transactions with this vendor (such as billing open purchase orders, processing payments for open invoices, or receiving goods).

Note: Archiving the vendor will not work because archiving only blocks the creation of new orders; it does not prevent users from processing existing transactions (billing open purchase orders, processing payments for open invoices, or receiving goods).