Hi @Matthew Poletiek
If you want to rank those 3 vendors based on information that you have on another column, you can use an If Statement and create a new column. You can also modify the raw data, or upload a new data table where the rank of those vendors is contained and either use a Join Step or a Vlookup statement from that table. If that classification depends on several other columns, you can nest if statements on one another or use a Table Match function just like in the Challenge @Julie Batty shared.
For your second question, you could either classify them in that table or in another one and use one of these solutions, or in the case that you wont need the data from those vendors that do not match "Managed Service Agreements", use a Filter Step.