Vendor Management Software is getting wider acceptance across various industries and verticals. The system can be integrated with the ERP/SAP system but not all data generated over the process are fit for use. Now, data input comes spread across a number of disparate systems that deal with supplier transaction, collaboration…
A Vendor Management Software (VMS) can be integrated with ERP/SAP to bridge the gap found between buyers and sellers. The VMS which can be integrated with Tally software brings a big relief to the industries using only Tally to run their businesses or industries. This integration capability allows a two-way data…
Organizations need to reinvent their traditional vendor management practices to derive more value out of supplier relationships. Vendor selection itself is a critical thing and being diligent in vendor onboarding will prevent problems. By Utilizing digital tools like Vendora, eliminate the risk for delays of human mistakes and strengthen relationships…
Every supply chain executive whether he is into manufacturing, in distribution, or in retail has the same pains. All organizations sourcing from multiple vendors are struggling to onboard suppliers, get a 360o view of their supplier activity, tackle inefficiencies caused in operations due to redundant workloads, meet up the increased…
In today’s time, Digital transformation forms a key goal for many organizations and the necessity of automating crucial function becomes very important to cut cost & increase efficiencies. As companies scale teams and operations, they struggle to keep track of purchase order status, and to break this challenge purchase order…
Transparency in business denotes openness in communication and accountability. Transparent communication is the key in a multi-vendor environment to help out the escalation of issues. Vendor transparency is quite important to buyers during their purchasing process. Implementing vendor management solution can help buyers to achieve transparency with relatively low impact…
In today’s dynamic business environment, adopting to a vendor management software system is becoming essential to fulfill business mission. For a smooth & better vendor coordination a streamlined vendor management process with instant access to info & resources to be in place. Establishing & advancing with the most up-to-date company…
Vendor onboarding, contacts storage, compliance documentation, updating risk mitigation documents, streamlining communication process, performance evaluation, and giving feedback can become a challenging process when businesses doesn’t have a system in place. Advancement in IT have significantly transformed the way we conduct business, migrating your pen-and-paper vendor management strategy to an…
In this competitive global business environment maintaining the company’s internal resources efficiently has become a major responsibility of the business owners. To accomplish this, business leaders have to streamline their vendors strategically and build strong vendor relationships with them to gain more value. Building a strong relationship with strategic vendors…
Most organizations are stuck and find it difficult in managing their vendor management process. Since it includes various processes like documentation management, contracts creation and follow ups, obtaining materials, and payment management, etc. And also at present client expects transparent data insights between the two parties. To overcome these problems,…
In today’s post, pandemic business environment most Procurement process takes place via dedicated eProcurement management software platform. Supply chain stakeholders shift away from traditional procurement process to digitalized procure-to-pay to gain substantial business benefits. Future-proofing your business includes implementing eProcurement management software for your business-specific needs. Other key objective is…
Whether a business is small or big, vendors play a significant role A good business-vendor relationship will be an asset to any sort of company. Though vendors are vital, organizing and keeping track of them is a complex thing. So, to deal with this stress automate all the myriad tasks…
