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Vendor Management Guide
How does AI help improve vendor management?
AI in vendor management makes it more efficient with improved forecasting, identification of risks, and automated decision-making. Manual tasks can be left out, and precision of vendor scoring can be brought to the fore by AI. A procurement revolution is brought about by the integration of AI into a vendor management software.
Related Procurement FAQs
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?
What criteria should be used to evaluate vendors?
How do you measure vendor performance?
