VRM

Enhance Supply Chain Efficiency, Establish Accountability, Foster Collaboration, and Keep Businesses Competitive in Dynamic Markets.

Vybog’s VRM – Modernizing Vendor Management

We understand the paramount importance of effective vendor management, and that’s why we’ve developed a cutting-edge Vendor Relationship Management (VRM) system that goes beyond mere management – it is designed to be the cornerstone of your vendor-related operations, offering a comprehensive suite of features and capabilities to streamline and enhance the way you manage your vendor relationships.

Features of the excellent Vendor Relationship Management (VRM)

Vendor Profile Management

This option helps maintain a centralized repository of primary vendor information, including contact details, products or services offered, historical data, status, and other pertinent information. The same applies to vendor contacts.

Vendors' Connections Management

Harnesses the vendors’ external partnerships’ full potential by maintaining a repository of their contacts, connections, and other comprehensive details. It also ensures adequate initial and ongoing rapport with vendors’ external contacts by quickly creating and editing their names and capturing interactions.

Document Management

It provides a centralized location for storing all vendor-related documents. It also hugely helps in contract management, ensuring compliance, performance against SLAs, and timely renewals.

Risk Mitigation

With a dedicated VRM system, businesses can actively optimize vendor performance and compliance, mitigating potential risks like delivery delays, quality issues, or contractual breaches.

Advanced Search

This option enables you to instantaneously track and pull precise vendors or their contacts to provide outstanding customer service.

Communication Management

Streamlines communication through our integrated EmailPro.

Dispute Resolution

It provides a remarks section for follow-ups and to resolve vendor disagreements or issues.

Track History

This option enables you to instantaneously track and pull precise vendors or their contacts to provide outstanding customer service.

Notification and Alerts

Sends timely messages for contract renewals, order deliveries, or other crucial activities.

Category Management

Categorizing vendors based on their products or services helps streamline procurement processes and make strategic business decisions.

Benefits of Vendor Relationship Management (VRM)

The Key to Bridging
Demand and Supply Gaps

Our VRM facilitates a systematic approach to vendor management that can augment businesses through the vast network that perfectly balances the dynamics between demand and supply. It also enhances mutual trust and understanding forged by a stronger relationship between vendors and respective businesses.