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Vendor Management System (VMS)

Vendor Management System (VMS)

Vendor Management System (VMS) Definition

A vendor management system, or VMS, is a powerful tool that helps organizations keep track of all of their vendor-related activities in one place. By automating time-consuming processes like vendor onboarding, performance tracking, and invoice management, a VMS allows you to focus on building strong relationships with your vendors instead of getting bogged down in administrative tasks.

A VMS is an essential part of any successful vendor management strategy.

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Nautical Commerce multi-vendor distributor platform example