One can tag only 1 term in vendor master which actually varies for Fresh and EOSS related purchases. The same is true for outright and consignment stock. Thus we can't tag multiple terms with Vendor. This gives flexibility to user to tag any terms which becomes an operational issue.
Along with the tagging a option is required to Mark it as Active / Inactive and Approve / Not Approved. This is similar to BOM approval concept with effective date..