01/06/2022 Computer - IT - Webs
Vendors are the lifeline of any organization. They are the supply lines which makes sure that the best is delivered within the set timeframes. Similarly vendor management is the activities that companies use to manage with vendors.
Below are few vendor management solutions which every organization needs:
1. Vendor onboarding: this is one of the most important tool in vendor management. Through vendor onboarding all the vendors exist in the system and it becomes easy for an organization to handle vendors efficiently.
2. Vendor performance management: at regular intervals it is necessary to check the vendor performance and know how they fare in the company set parameters or metrics. This helps the company to mitigate supply chain risks and manage the vendor qualitatively.
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