Add the Company Name, contact details, notes, rating and set the Status as Being Reviewed, Approved, Don’t Use Again or Not Approved. Use filtered views to see Approved Vendors, Vendors To Review and Vendors Not To Use.
Third-party vendors are critical for the success of today’s business organisations. Outsourcing various activities and bringing vendors on board necessitates the recording of their key information such as rates, contact details and agreements. The use of Excel sheets, shared drives and Word documents to manage this data is no longer adequate.