Best Practices for Maintaining Strong Vendor Relationships
Are the vendor relationships becoming just a hectic thing than a growth driver to your business? When you start to treat vendors as another bill to pay, then you are shooting yourself in the foot. Good relationships with vendors imply better prices, dependability of services provided, and a supply chain that does not collapse when […]
How to Measure ROI of Your Vendor Relationship Management System
Is your team spending more time managing vendors than actually seeing improvements in efficiency or savings? You’re not by yourself. The majority of companies spend thousands on VRM systems without defining precise metrics to gauge their success. And when stakeholders question the budget allocation, you’re left wondering if the investment was worthwhile. The reality is […]