Vendor management is the process that ensures maximum value is received for the money that an organisation pays to its Vendors. Because these supplies play a part in the smooth running of an organisation, it’s important for both Vendor and organisation to engage properly and effectively.
Establishing a proper relationship, managing the requirements and communicating clearly with Vendors is essential to the organisation, which means a comprehensive Vendor management policy is required.
Through this, it serves to strengthen Vendor relationships and improve compliance, while also reducing the workload for the buyer.
Our Tender Management Module is an online service that helps suppliers and buyers to interact with each other to achieve prominent efficiency in all aspects of a tendering process. Whether it is complex tendering or simple RFP/RFQ process, Tender Management helps an organization in executing an effective Eprocurement strategy and make your procurement or tendering function hassle-free. It takes care of the complete procurement life cycle, starting from the vendor or supplier registration process until awarding the contract. By using this solution organizations can ensure the transparency of the entire tender management process.