Vendor Management

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Vendor Management

Benefits and use cases of vendor management application:

A vendor management application helps you manage your relationships with vendors and suppliers. Through this application, you can onboard suppliers, manage contracts, and track their performance.

Supplier onboarding:

Onboard new vendors and maintain accurate and up-to-date vendor information. 

Contract management

Manage vendor contracts, track expiration dates and renewals, and ensure compliance. 

Performance tracking:

Track and evaluate vendor performance, and identify areas for improvement. 

Spend analysis:

 Track, analyze and control the spending on vendors and suppliers. 

Risk management:

Identity, assess, and mitigate the risks associated with their vendors and suppliers.