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Vendor Management Portal
SYNOPSIS:
• Introduction• VMS Trends• What all benefits do VMS provide?• Conclusion
• INTRODUCTION
• A vendor management portal is a web based application that allows an organization to secure and manage staffing services on a temporary, permanent or contract basis. It helps centralize the complex issues that surround the staffing.
• A vendor management portal generally involves the following:• Job requisition• Automatic billing• Management reporting• Workflow engines• Amenity tracking• Service catalogue, including standardized position and bills.
• A vendor management system offers seamless access to cost-effective, qualified human resources while facilitating long term growth. A vendor management system (VMS) manages all staffing operations and management procedures and eradicates typical issues and inefficiencies of workforce management.
VMS Trends
• According to the Aberdeen research, 72% of the US companies have single program for managing contract labour and professional services sourcing and procurement. This is quite an amazing escalation since it has been only 10 years since the emergence of Vendor Management Portal.
What all benefits do VMS provide?
• Unfortunately, vendor management is not well understood by many or widely implemented in the business world. To help you understand it’s importance, I have outlined several points mentioning what all gains can a Vendor Management Portal offer.
• Mitigate Risks: Vendor Portal can track suppliers and provide the data one needs to identify supplier risks so one can execute the steps required to mitigate the risks proactively.
• Optimize Performance: The complete process gets significantly smoother and faster.
• Great Exposure: All vendors may participate in the bid process, which leads to creative bidding.
• Increase Administrative Efficiency: The vendor portal can significantly drive administrative efficiency. As a central hub for vendor master data and record keeping, this portal program can substantially cut down on duplication of data, loss of contracts and several other information.
• Protect Your Brand: Your company brands hold a lot of value. You surely would not like to tarnish it due to the actions of an unprofessional and unethical vendor. In such case, a supplier management program can provide you with the information you need, like a supplier’s social and environmental standards.
• Conclusion
• Vendor management portal enable organizations to establish vendor information and contracts, control the costs, collaborate with other staff on compliance tasks, drive service excellence and mitigate risks to gain increased value from their vendors throughout the life cycle.
CormSquare is cloud based procurement platform targeted for small and medium enterprises (SMEs) and bulk purchases. CormSquare is native end-to-end procurement software with private market. CormSquare automates procurement process, greatly reducing time. It also helps find right suppliers at lower price. CormSquare saves procurement cost and ease of procurement.
www.cormsqaure.com
Our Customer Relationship Officers (CROs) can assist you with finding suppliers, supplier competency assessment and supplier audit. Based on your requirement, our relationship officers can find local, national or global suppliers.Our Customer Relationship Officers (CROs) can assist in raising RFQs, RFIs, receiving quotes, compare technical and commercial quotes, purchase order management, delivery/document tracking and payable processing.Our Customer Relationship Officers (CROs) can analyses your procurement data and provide actionable intelligence.
www.cormsquare.com
• Assisted Purchase – buyer receives customized quote from cormsquare’s procurement professionals.
• End to End E-Procurement Suite on cloud, that helps buyers in managing enterprise purchase.
• Seamless Responsive Interface which works across devices. • Digital B2B Store front for supplier with digital catalogue, ePayment and
eProcurement Services • Mini CRM Tools and Digital promotion assistance to our stakeholders. • Collaboration with supplier to assist in Customer acquisition, engagement. • Helping manufacturing and Buyers to master the transformation of their business.
Contact Us
Contact: +91 9108992330, 080- 4165 5407 080- 4204 9707
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Regional Office #131, 2nd Floor, 7th Main, JayaNagar 4th Block, bangalore – 560011.
www.cormsquare.com
