Importance of Vendor Management Now more than ever it is critical to manage key vendors by ensuring compliance and supporting vendor health. Maintaining healthy supply chains is vital where demand exceeds supply in many industries. We have seen an increase in...
Benefits of Automation Vendor management covers many areas regarding how companies identify, onboard, and transact with vendors and suppliers who supply goods and services to their organization in exchange for payment. The processes involved in managing these...
For many companies, vendor management is treated as just another back-office function to be administered by procurement and accounts payable. But are those companies putting their organizations at risk, or at the very least missing out on opportunities for more...
More and more companies are tracking their diverse vendor population and reporting on purchase percentages and total spend with these diverse vendors. Many companies have redoubled their efforts or started new initiatives to ensure their organizations have diversity...
The COVID-19 pandemic brought about many changes in our daily lives, many of which were temporary. But other aspects of our daily and professional lives will be changed for the long term. One such example is the rise of the remote workforce. Aiding in the adoption of...
