Vendor Management

Vendor Management is a strategic process that is dedicated to the sourcing and management of supplier relationships so that:

  • VALUE CREATION IS MAXIMIZED
  • RISK TO ENTERPRISE IS MINIMIZED

Suppliers are a key component to many businesses, however businesses are faced with many challenges in regards to vendor management.

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CALLENGES

Suppliers are a key component to many businesses, however businesses are faced with many challenges in regards to vendor management.

  • Limited single view of a supplier.
  • Procurement and Operations Departments are often disconnected.
  • Lack of control on contracts and key contract conditions.
  • Lack of control and visibility into supplier compliance and documents.
  • Limited supplier audits and feedback.
  • The supplier has the buying power and not the client.

SOLUTION SOLVES

Having the right tool in place allows us to overcome any challenges. An agile information management platform serves as the key, enabling businesses to effectively manage processes related to a supplier:

  • On-boarding
  • Contract Management
  • Day to day CAPEX and purchase orders
  • Compliance
  • Evaluations and audit management