One of the most globalized Elevator, Escalator and Auto walk manufacturers having a network of 10 manufacturing facilities and direct sales / service office worldwide at various locations.
Outsourcing the work to vendors is becoming more common, cost effective, and accepted throughout the larger world of work. Handling this workflow process manually was costlier & time consuming so they preferred to automate and centralize all deals to maintain good mutual relationships with suppliers
For this, they were in need of our Vendor Management Software that allows to easily manage all subcontractors on board, invite request for quote for multiple items, track gate entry login, maintain stage wise purchase orders of the sub-contractor and centralize all relevant data with user privileges for individual vendors & procurement team.
We have provided our product Vendora that facilitated them to enlisting the vendors and managing the vendors’ from procurement to pay in a less complex way. Our VMS software solution with prominent features helped them streamline their communications with Vendors on contract negotiations, management, stage wise job assignments etc which in turn enabled them
- Automatic mail notification triggers for each cases to both Buyer and Vendor user mapped
- Enables to reduce risk, and control costs by storing all the information in the master vendor tab
- Transfer reports to mapped vendors / buyers so everyone in procurement teams can check the data
- To track on all activities without deviation from planning the scope of work to invoice payment approval
- View at vendor rating based on performance parameters defined & agreed upon by each sub-contractor supplier
- Buyers have privilege to check about the approvals / comments if any and ensure everything is updated before payment.
- Automated action eliminates tedious administrative tasks
- Ensure compliance with local governmental & internal policies
- Document control & team collaboration was ease with VMS software
- Data driven comprehensive reports to evaluate quality, cost and timeline
Enterprises & manufacturing sectors aiming to gain a competitive edge and maximize profits by overcoming the contractual risks can book a demo for VMS Software Solution from Vendora. We help you improvise your buyer-vendor relationships and to enhance your business operations in the digital era..