The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around the world came up with new means and methods to keep on functioning. In a situation where people could not leave their houses,...
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.
Making preparations for all kinds of situations entails various procedures to take care of; you need to adjust for both online and offline meetings.
Managing vendors is as important as managing inventory in a business. As a matter of fact, both of these are closely interlinked, considering vendors are the people that help you fill out your inventory. That would be going off on a tangent, though, considering this article is going to talk about the top skills you require to be a cream-of-the-crop vendor manager.
While upgrading to the newest version comes with the obvious advantages of bringing all of your software to the current supported versions, there are a few features that are must-haves for any client.
Vendor alignment is one of the most important parts of a business, simplifying a huge part of business management. It increases the efficiency of your work by onboarding them onto a certain software and increases the profitability greatly.