Does the software support SLA tracking and reporting?
Many platforms provide SLA tracking as a feature that permits the monitoring of vendors fulfilling their contract commitments. The automation in reporting makes deviations and trends visible. Vendor management software is a great resource for efficient SLA tracking.
Related Vendor Management FAQs
What is vendor risk management?
How do you ensure compliance during vendor evaluation?
What is the role of procurement in vendor management?
How do you maintain strong vendor relationships?
How do you evaluate a vendor’s sustainability practices?