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Vendor Management Guide
What is the purpose of using a vendor management system (VMS)?
Vendor management systems are the tools that help organizations to streamline the procurement processes, provide compliance management, and maintain orderly supplier data. The system also makes contract management and performance tracking a breeze. Vendor management software being at its best facilitates the use of a vendor management system.
Related Vendor Management FAQs
How often should vendor performance be reviewed?
How does AI help improve vendor management?
How does vendor management software work?
What is the purpose of using a vendor management system (VMS)?
What types of businesses need vendor management software?
What is the difference between vendor management software and procurement software?
