Businesses conduct vendor evaluation and ratings in order to choose the best vendor. Choosing the best vendor is important because if customers don't have access to the product, they will choose another brand.

Vendor Management Software is a comprehensive platform that centralizes the management of vendor-related activities, from initial vendor selection to performance evaluation and payment processing. By consolidating vendor data and automating routine tasks, VMS enables organizations to optimize their procurement processes, mitigate risks, and foster stronger relationships with suppliers.

A Vendor is a Key Project Stakeholder. Let us say I am constructing an apartment and have chosen a Vendor to supply the toilet sinks for my building, if my vendor messes up the delivery, my apartment will not be completed on time.

Sure, I can identify another vendor and buy the stuff I want, but a lot of time will be lost in the meantime. Hence, even vendors are key project stakeholders

Vendor management is as important to Hospitality industry as Supply Chain management in Manufacturing.

Vendor Management includes all kind of services/products delivered by Vendors

Availability, Quality and Performance are key factors.

Vendor