Vendor Management

Managing a network of vendors or outsourced service providers for your business can be challenging. Too often, vendors offer delayed services, over-budget products and with significantly less quality than specified. Fortunately with PRM360 vendor management software, you can effectively manage vendor deliverables, track the performance, compare vendors and monitor compliance.

Our robust vendor management tools help you analyze the performance of vendors and let you develop a detailed improvement plan to address any process gaps within the program. We help companies optimize the performance of outsourced vendors and execute the best practices to reduce total costs while proactively minimizing the risk associated with operational disruptions.

The best part is we can easily integrate with ERP systems, so all the contracts, quotes, invoices, and purchase orders can be pulled up directly from the vendor master system, allowing you to make faster and informed decisions that drive continuous improvement.

Make the most of our vendor management services and build a better relationship with key stakeholders.

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Strategic Vendor Sourcing

Sourcing vendors is the most critical phase that can make or break your business. With thousands of vendors out there in the market, sourcing the right ones makes all the difference. However, choosing the best out of hundreds of categories and thousands of lines can be difficult. This is where our strategic sourcing suite can help.

Our easy-to-use sourcing tools can help you integrate and collaborate with thousands of connections to find the best bonafide vendors. We help you choose the right bonafide vendor across all the industries who comply with the eligibility criteria specified by the GPRA and who do not commit any breach and adheres to the obligations. With bonafide vendors, certainly you will not face any hassles with the purchasing activity and you don’t receive any defective goods and experience any delays in deliveries. With PRM360, you will not just select a vendor, infact select a partner who can help run business effectively.

Also, you can also create online sourcing events, send contracts, and run multiple auctions simultaneously based on your business needs. Our sophisticated vendor sourcing strategies can help you manage the entire sourcing and contracting processes for all spend types and industries while delivering the best sourcing results ever.

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Supplier Risk Management

Be it sourcing suppliers, negotiating contracts, managing catalogs or paying invoices, there is a scope of risk at every phase of the procure-to-pay cycle. From supplier onboarding to performance management, PRM360 alleviates the complexity and reduce risk at every step of the way.

Our complete suite of supplier risk management tools helps you to manage evolving market needs while giving you real and actionable insights into supplier performance and risk management. With PRM360, buyers can make smarter decisions that can avoid potential bottlenecks and disruptions in the supply chain processes. Our supplier management portal gives you 360-degree view of supplier database to help you make timely and accurate business decisions while improving collaborations with suppliers in the real-time.

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