VMS Module covers the activities of researching and sourcing vendors, obtaining quotes with pricing, capabilities, turnaround times, and quality of work, negotiating contracts, managing relationships, assigning jobs, evaluating performance, and ensuring payments are made.

Vendor Management Process flow


  • Vendor Database Management
  • Request for Information
  • Request for Quotation
  • Bid Won / loss
  • Defining Policies & Procedures
  • Contract close / renewal
  • Vendor Performance Survey
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