CRMJetty

Vendor management is a process that empowers an organization to take useful measures to control cost, reduce risks related to vendor acquisition, ensure timely services, derive values from the vendors, etc. The vendor management portals include modules that let you research suitable vendors, source products, obtaining pricing and other information, check the quality of work, and many other tasks. But how does a vendor management portal work? And more importantly, how can it benefit you? It is an online web-based tool that acts as a single node to manage vendor-related activities in any organization or business. It even ensures improved efficiency and long term growth in a cost-effective manner. Let’s understand the benefits of Vendor Management: Better Selection: Implementing proper vendor management can benefit your organization from a large selection of vendors resulting in better choices and costs. This also enables you to avoid unnecessary conflicts with your...