rsz_vmp2_ftimg

Vendor Management Portal

Posted on Posted in Uncategorized

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.

We at CormSquare, along with Vendor Management Portal, offer e-Auction, e-Procurement and Strategic e-Sourcing solutions with the aim of providing high efficiency, effective control of time, labour & cost saving to its customers in their purchasing activities

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.

rsz_vm1

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.

The quicker you can onboard your vendors, the quicker you can move through the procurement process and receive your goods or services.

  • 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.

Long things short, 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.

90 thoughts on “Vendor Management Portal

  1. Hello there, just became aware of your blog through Google, and found
    that it is truly informative. I’m gonna watch out
    for brussels. I’ll appreciate if you continue this in future.

    Numerous people will be benefited from your writing. Cheers!

  2. I just like the valuable info you provide on your articles.
    I’ll bookmark your blog and take a look at again right here frequently.
    I am moderately sure I’ll be told a lot of new stuff proper here!
    Best of luck for the following!

  3. Greetings from California! I’m bored to tears at
    work so I decided to browse your site on my iphone during lunch
    break. I love the knowledge you provide here and can’t wait to take a look when I get home.
    I’m amazed at how fast your blog loaded on my phone .. I’m not
    even using WIFI, just 3G .. Anyways, amazing site!

  4. Someone necessarily assist to make significantly posts I might state.
    That is the very first time I frequented your web
    page and to this point? I surprised with the analysis you made to make
    this actual publish incredible. Wonderful job!

  5. Undeniably believe that which you stated. Your favorite justification seemed
    to be on the internet the easiest thing to be aware of.

    I say to you, I certainly get irked while people think about worries that they just don’t know about.
    You managed to hit the nail upon the top as well as defined out
    the whole thing without having side-effects , people can take a signal.
    Will likely be back to get more. Thanks

  6. Just wish to say your article is as astonishing.
    The clarity in your post is simply great and i can assume you are an expert on this subject.
    Fine with your permission allow me to grab your
    RSS feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the enjoyable work.

  7. I am extremely impressed with your writing skills and also with the layout on your blog.
    Is this a paid theme or did you customize it yourself?

    Anyway keep up the nice quality writing, it is rare to see a
    great blog like this one today.

  8. Its such as you read my mind! You appear to understand so much about this, like you wrote the e-book in it or something.

    I feel that you simply could do with some percent to pressure the message house a bit, but instead of that, this
    is fantastic blog. A fantastic read. I will certainly be back.

  9. I am now not positive where you’re getting your information, however great
    topic. I needs to spend some time studying more or
    working out more. Thank you for excellent information I was on the
    lookout for this information for my mission.

  10. Great goods from you, man. I’ve understand your stuff previous to
    and you’re just extremely magnificent. I actually like what you have obtained here, really like what you’re saying and the way during which you assert it.
    You’re making it entertaining and you still care for to
    keep it sensible. I cant wait to learn much more from you.
    This is really a great web site.

  11. When someone writes an piece of writing he/she maintains the image of
    a user in his/her brain that how a user can know
    it. Thus that’s why this paragraph is amazing.
    Thanks!

  12. I’m amazed, I must say. Rarely do I come across a blog that’s both educative and amusing, and let me tell you, you have hit the nail on the head.
    The issue is something not enough people are speaking intelligently about.

    I’m very happy I stumbled across this during my hunt for something regarding this.

  13. The auto industry is getting all the attention during this recession but the construction industry is quietly feeling the pain also.
    However, with invoice factoring you usually get access
    to other services. They are using the business
    they have already secured and leveraging it for much needed monies.

  14. This is really attention-grabbing, You’re a very professional blogger.

    I’ve joined your feed and sit up for in quest of more of your
    wonderful post. Additionally, I have shared your web site in my social networks

  15. I blog frequently and I truly thank you for your content.

    Your article has truly peaked my interest. I’m going to bookmark your website and keep
    checking for new information about once a week. I opted in for your Feed too.

  16. This is very interesting, You’re a very skilled blogger.
    I have joined your feed and look forward to seeking more of your great post.
    Also, I have shared your website in my social
    networks!

Leave a Reply

Your email address will not be published. Required fields are marked *