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.

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