LearningCat: Vendor Management
Vendor Onboarding Process
To run a successful business, acquiring the right kind of method of vendor onboarding plays a great role. For smooth business operations, this process helps suppliers meet your standards with less risk. An efficient onboarding process not only saves your time but also helps businesses to dodge the costly mistakes, develop sustainable relationships, and trust […]
Vendor Payment Terms
Negotiating payment terms with vendors is one of those things every business has to deal with, but few actually master. In India, where cash flow can be unpredictable, getting the payment terms right can save your business from financial headaches. It’s not just about haggling for the lowest price—how and when you pay vendors can […]
Mastering Vendor Relationship Management in India
The goal of vendor relationship management, or VRM, is to establish and preserve a solid working relationship with your suppliers and service providers. Managing vendor relationships is essential for a seamless supply chain, consistent quality, and long-term success in a fast-paced business climate such as India. Here’s a discussion of how to handle Indian merchants […]