Every organization deals with multiple vendors, who cater to specific item or consumable requirements of its various departments. Often an organization transacts with multiple vendors/vendor groups for the same or related consumable services to ensure shortfalls are minimized. Traditional Vendor Management Systems which often include a variety of paper-based system are expensive and time consuming to maintain.

The Vendor Management Solution of businessid is a comprehensive user-friendly plug and play application, which ensures streamlining of organization’s vendor management system.

Key Benefits of Vendor Management

• Substantial improvement in managing vendors/vendor groups throughout the organizations.
• Gives complete vendor details like Vendors list, particular vendor current or past dealing, last PO, previous transactions, previous deals, product lists, etc.
• Helps to choose best vendor for particular task and ensure timely delivery.
• Real-time applications helps staff to know the current status of the consumables/items required.
• Automated system generated reminders help the staff to take appropriate action before due date and ensured the availability of consumables at the time of requirement
• Significant improvement in overall relations due to better communication with vendors.
• Cost savings due to reduction of delivery delays and related shortages.
• Streamlining of procurement procedures resulting in significant time savings.