CRMJetty

Your vendors and suppliers are crucial to ensure the proper procurement of products and services for your business. Proper vendor management practices contribute to long-lasting relationships with your vendors. Working in sync with vendors helps you fulfill your goals and achieve success faster. Ideally, effective vendor management aims for a win-win situation for both you and your vendors. Earlier, vendor management would mostly depend on manual onboarding, and management of vendors’ information. The best companies could do was use phone calls and emails to manage vendor-related operations. Then came the B2B vendor portal, a pioneering technology that not only simplified but also automated the vendor management process. Almost all the companies today are switching to a B2B vendor management tool to manage vendors and supply chains. If you too are looking to enhance your vendor management, here’s your post. This post will walk you through the meaning of vendor management, its import...