Vendors are one of the key resources in supply chain management. They make sure that the stocks of goods or services are replenished before time so that businesses do not suffer from shortage of goods or services.
Gone are the days where only one vendor used to manage the entire supply of a company. Now vendor onboarding, vendor short listing and vendor ratings are an intrinsic part of vendor management. What is vendor management software? Vendor management software or VMS improves a companies day to day operations bringing in efficiency and visibility to a company. Below are few features of vendor management:
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