Enterprise Vendor Management is the system used by organizations to help ensure vendors create value, provide resources, manage risks, and support organizational objectives. It’s an essential part of business operations that helps streamline processes such as procurement, contracting, vendor selection and sustainability. By leveraging Enterprise Vendor Management, organizations can effectively source new vendors, develop relationships with existing ones, and maintain consistent performance standards for all vendors to ensure the highest quality products and services. It’s a powerful tool for increasing efficiency and achieving long-term success.