Vendor Relationship Management System vs Traditional Methods: Which Saves You More?
Spreadsheet management of your vendors is costing you more than you may realize. Not all missed deadlines, lost contracts, and slipped-through compliance issues are minor annoyances. Your bottom line is directly impacted by them. What separates a vendor relationship management system from conventional techniques? Conventional approaches depend on disjointed spreadsheets, email chains, and manual tracking. […]
How to Implement a Vendor Management System Successfully
You are losing money whenever a vendor fails to meet the deadline or a contract renewal falls through in between the lines. The majority of businesses are not aware of how expensive inefficiency is until they observe the figures. Late deliveries interfere with production time, compliance controls result in fines, and a lack of effective […]