Vendor Management Lifecycle: Follow these steps to handle it

Описание: The Vendor Management Lifecycle, or Supplier Management Lifecycle, is a crucial tool for businesses to manage their supply chain, reducing risk, saving money, creating value, and fostering enduring relationships. It helps procurement teams and companies save money, track supplier performance, and continuously improve their supply chain.

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Table of content:
0:37 - What is the Vendor Management Lifecycle?
1:37 - Needs Identification and Solicitation (Pre-Contract Phase)
4:38 - Onboarding, Contract, and Vendor Management Phase
5:23 - Post-Contract Phase
6:22 - Best Practices for Vendor Management Lifecycle

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