8 Best Vendor Management Systems in 2018

Vendor Management Systems are Web-based Applications that allow a business to manage and procure staffing services. Some basic features of a VMS application are order distribution, consolidated billing and significant enhancements in reporting capability that outperform the manual systems and processes. Analyzo has listed the best Vendor Management Systems that you can choose from based on your requirements.


Best Vendor Management Systems

Claritum
Price : On Request

Claritum’s Vendor Management System makes it easy for you to manage your supplier base locally, nationally and globally. Claritum provides a platform that is intuitive and easy to use. They provide Fast Start Implementations which help you get up and running in just a few days. It allows you
View More Visit Website

SalesWarp
Price : On Request

SalesWarp's cloud-based software seamlessly syncs all sales channels, whether online or in-store, and optimizes fulfillment operations so that sellers of every size can focus on what they do best – growing their businesses while providing great service to satisfied customers. Through a

Erecruit
Price : On Request

Erecruit provides a Vendor Management System that not only makes it easy to manage your supplier base, but also enables you to add new sources of revenue and take on additional businesses from existing clients. It facilitates easy management of client requirements and large pools of vendors. It

Gatekeeper
Price : From $535/month (billed annually)

Manage complex relationships simply and easily with Gatekeeper. Clarify ownership and centrally store all intelligence, messages, dates and key documentation - all in one place, always up to date, company-wide. Get automated reminders for contract renewals to make informed business decisions.

Workforce Beeline
Price : On Request

Beeline’s Vendor Management System provides an easy, safe, and fast way to manage your entire Vendor Management Process. They provide top of the line security for servers which accelerate performance by prioritizing traffic and caching static content. A robust architecture helps prevent
View More Visit Website

SAP Ariba
Price : On Request

Using Ariba Network, buyers can manage the entire procurement process from source to settle, while controlling spending, finding new sources of savings, and building a healthy, ethical supply chain. Suppliers can help buyers achieve their procurement transformation goals, while boosting customer

Tradeshift
Price : On Request

From procure-to-pay and supplier engagement to solutions for sellers and SMBs, Tradeshift helps companies tailor solutions that can quickly adapt to their changing needs. Manage all aspects of your procure-to-pay process through simplified solutions for catalogs, shopping, purchasing,

TradeGecko
Price : From $99/month

TradeGecko empowers eCommerce and wholesale merchants to become as fast and efficient as the world's biggest online stores. TradeGecko fuses inventory management operations, critical business applications and online commerce to build the central core of wholesale and eCommerce business

Click Here To See Top Comparisons & Alternatives for Vendor Management Systems

FAQ's for Vendor Management Systems

How does a vendor management system work?

Vendor management systems are built to perform one main function - streamline the workflow process which can be located and accessed from a single location. Vendor management systems make sure that all procurement and workforce management related tasks are executed as per the business rules.
If your workforce is diverse and located at different geographical locations, managing it could become a headache for you. This is where vendor management systems help you by using divergent strategies. All the traditional functions of HR are standardized from requisition through settlement. Majority of the time-consuming and labor intensive processes formerly accomplished manually are also automated for increased efficiency.

What does a vendor management system do?

Depending on the platform's level of sophistication, typical usage of a vendor management system includes: starting a talent hunt, evaluating bids and hiring workers, onboarding/offboarding workers, reviewing timecards and expenses, and analytics.

Why use a vendor management system?

Cost savings: Ensure that you are not paying over industry-standard rates and evaluate your total spend with reports.
Visibility and transparency: Reduce reckless spending and monitor each supplier's performance.
Improved talent quality: Get a load of highly qualified suppliers with the talent pool.
Reduced compliance risk: Follow consistent processes to ensure full compliance with the law.
Increased efficiency: Acquire high-quality workers over a shorter-timeline.

What is a vendor management system?

A vendor management system, or VMS as it's generally called, is a SaaS platform used by businesses to control the process of procuring and managing a flexible workforce. Vendor management systems provide a single platform for managing all types of vendors - independent, temporary, contractors, and so on. Organizations can benefit greatly from these software solutions.

What is a vendor management system?

A vendor management system, or VMS as it's generally called, is a SaaS platform used by businesses to control the process of procuring and managing a flexible workforce. Vendor management systems provide a single platform for managing all types of vendors - independent, temporary, contractors, and so on. Organizations can benefit greatly from these software solutions.
© analyzo.com