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Vendor management is the end-to-end process and range of activities involved in managing vendors.
Activities included in the vendor lifecycle include:
Vendor management is important because the relationship between a business and its third parties can determine the success of the business.
They need to be managed effectively to reduce risks such as supply chain disruption, non-compliance and
Gatekeeper is a vendor management software that provides a dedicated Vendor Portal.
Our software eliminates the manual work associated with vendor management, allowing you to automate information collection and onboarding.
Combined with Balanced Scorecards and a Risk Module, Gatekeeper provides risk and performance insights.