It is moving into late summer and soon fall and the budget season will be upon us. This is a great time to take stock of how efficiently and effectively you are managing your vendors and their transactions and activities. Traditionally vendor management has been one of those areas that got little attention and as a consequence, little of the budget dollars. But with a relatively small investment you can reap immediate financial savings while also lowering risk and strengthening your supply chains. There are many tools available today that address sourcing, procurement, purchasing, contracting and transition over to the vendor payment side. These vendor portal based solutions can be implemented in modules to address specific needs within your company or as a holistic enterprise level vendor management system. Contact ICG today to learn more about our comprehensive suite of vendor management solutions that are helping leading companies lower cost, increase supplier satisfaction, and reducing risk. Click or call us today at 480-607-4038 and request a demo or more information.
Posted on August 1, 2016