Vendor Management System (VMS) software helps businesses of all sizes manage their relationships with suppliers, contractors, and third-party vendors more efficiently. It provides automated processes for onboarding vendors, tracking their performance, and managing vendor contracts. Through its web-based interface, VMS software ensures visibility into how well vendors meet specifications while helping to reduce operational costs by streamlining the acquisition process. By leveraging VMS solutions, organizations can gain greater control over their vendor relationships and better manage compliance risks.