Vendor packets and vendor onboarding are essential documents and processes that businesses use to evaluate potential suppliers and vendors. These packets typically include information about the vendor’s products or services, pricing, quality control measures,...
What is it? Vendor self-service is a term used to describe a set of tools and processes that allow vendors to manage their information and interactions with a company. The importance of vendor self-service cannot be overstated. It is a way for businesses to empower...
What is Compliance? Within business, compliance is defined as the confirmation that a provider of a service, or a manufacturer or supplier of goods, adheres to all the requirements, regulations, legislation, and specific standards and policies of a contract or a...
Vendor management is very complex and with the increasingly important role of stable supply chains, this complexity will only increase. Technology-based systems and process re-engineering can improve efficiency and reduce some of the pain of complexity. However, with...
Does your company view vendor management as just another back-office function administered by procurement and accounts payable? Is your company putting your organization’s supply chains at risk with unstable suppliers? Are you missing out on opportunities for...
