What are Vendor Packets? A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor to gather the required information to establish a business relationship. These packets generally include all the necessary information to set...
Importance of Vendor Management Now more than ever, it is critical to manage key vendors by ensuring compliance and supporting vendor health. Maintaining a healthy supply chain is vital where demand exceeds supply in many industries. We have seen an increase in...
All About Vendor Management Vendor management covers many areas involving 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...
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...
What Is PO Dispatch & Update? PO dispatch and update refers to the processes involved in managing purchase orders from when they are created to completion, ensuring on-time delivery to vendors. This also includes tracking any changes until the PO is ultimately...
