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What are the main shortfalls you might encounter with vendor management software systems?

Alan Jones's Profile

Answers

(Agent, JKS Solutions, Inc.) |

Reliance on approved preferred vendors without reviewing their performance and missing out on new vendors who might do a better job.

One of the benefits of a vendor management system is a forced bidding among major vendors to release your company from the preferred personal relationships, however the preferred vendors need to be reviewed and those relationships examined over time also.

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