Vendor Management System (VMS)

The Vendor Management System gives you one complete, reliable profile for every supplier, from registration through ongoing evaluation. Vendors are qualified and approved before they are used, and their performance is tracked throughout the relationship.

Key capabilities

• Vendor registration and profile management
• Qualification, evaluation and approval workflows
• Central storage of vendor information, documents and contracts
• Performance records and evaluation history
• Visibility into vendor activities, compliance and transactions
• Integration with procurement and financial processes

Business value

• A supply base made up of qualified, approved vendors
• Supplier decisions based on recorded performance, not opinion
• Simpler compliance checks and audits
• Stronger, longer-lasting supplier relationships