Changing old vendor to a new one

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I have received orders for a product with X vendor. Which I will let it fulfill. But for future orders I want to change my current vendor to a new one as I've found it to be better in shipping times... Whenever I decide to change vendors will it affect anything? Will I be able to change vendors for my product while it is live in store and receiving orders from buyers?
Note currently I have a manual order placement so my payments do not directly go to the vendor I have to do it manually. Will my previous orders in a status such pending/processing/fulfilling/unfulfilled be affected by changing vendors? Hope I have made my question clear.

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