6 WAYS SALESFORCE VENDOR MANAGEMENT APP HELPS COMPANIES WORK BETTER “The reason I grew so fast in the supermarket business, without the help of the banks in those days, was through my vendors. I convinced my vendors, the companies I was doing business with, if I did more business, they would do more business.” – Quote by John Catsimatidis, CEO of Gristedes Foods Supermarkets in New York. With more companies preferring to keep themselves lean and mean to ensure secure finances, sourcing work to vendors is the best alternative. This has been the trend for years and shows an upward trajectory around the world. Managing vendors and suppliers of human resources, goods and services are fraught with unwanted stressors due to various reasons such as delays, miscommunication, billing issues, and inferior service. This is the reason why Vendor Management Software has been the rage over the past year across businesses. It is a one-stopshop to manage your entire vendor process in a smooth and efficient manner. Listed here are 6 different ways Vendor Management Software Helps Companies Work Better: Measurable results: The software provides a holistic 360 degree view of the performance of various vendors, controlling of costs and impact of cost reductions, document management, process improvement, etc. It provides businesses with clarity on the issues of unpredictable billing and vendor costs. Document management: The software increases efficiency in the form of increased security of confidential and valuable documentation such as agreements, terms, licensing agreements, inspection reports, etc. Read more…
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