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Vendor Management Guide
How do you maintain strong vendor relationships?
Vendor relationship management is the art of communicating effectively, reviewing the performance, and solving the problems in a cooperative way. Good relationships mean that the company can count on the vendor and that there will be mutual benefits over time. Vendor management software facilitates vendor relationship management by the use of collaborative dashboards and metrics.
Related Procurement FAQs
What criteria should be used to evaluate vendors?
How do you measure vendor performance?
What KPIs are commonly used in vendor management?
How do you onboard a new vendor effectively?
