What is an example of vendor management?

Typical vendor management examples are the introduction of new suppliers, the evaluation of vendor performance, and the administration of contract renewals. All these steps aid in quality, compliance, and cost control. Vendor management software is the supportive partner in these vendor management examples as it takes over the monotonous work and provides better ​‍​‌‍​‍‌​‍​‌‍​‍‌insight.

Recommended Reading:

Procurement tools
Procurement process
Vendor management system
What is PO system?
Best eprocurement software
Purchase order process
Procurement software for small business
Best vendor management tools in 2025
Procurement solutions guide
Differences between sourcing and procurement
What is the difference between procurement and purchasing?
Best strategic sourcing software tools in 2025
Procurement challenges
Procurement KPIs
Procurement Strategy
Procure-to-pay Process
Goods Received Note
Procurement Lifecycle
Purchase Order vs Invoice
Procurement Solutions

Related Procurement FAQs

What is software vendor management?

What is the most popular vendor management system?

What is the best vendor management software?

What is the most popular contract management software?

How much does vendor management software cost?

What is an example of vendor management?

What is KPI in vendor management?

Why is vendor management important for organizations?

What are the key stages of vendor management?

How do you choose the right vendor for your business?