Vendor Management Services (VMS) is an effective solution for businesses to streamline and improve their procurement processes. It involves creating a formal relationship between the business, or client, and third-party vendors that provides oversight and control over the entire process from sourcing to final delivery. With VMS, clients can rely on a reliable vendor network, easily monitor performance and reduce costs associated with completing tasks with vendors. At the same time, it helps ensure quality, efficient communication and better management of the supplier relationships that are imperative to successful business operations.