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Vendor Management Software

oboloo Glossary

Vendor Management Software

Vendor Management Software Definition

Vendor management software is a tool used by organizations to streamline and automate the process of managing vendor relationships. The software provides a central repository for storing and tracking vendor information, as well as tools for communicating with vendors and managing vendor contracts.

The goal of vendor management software is to help organizations improve communication with vendors, save time and money on vendor management, and reduce the risk of contract non-compliance.

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