Finance
What is Vendor Management?
- Vendor Management
- Vendor Management is the process of selecting, onboarding, evaluating, and managing suppliers to optimise cost, quality, and delivery performance.
What is Vendor Management?
Vendor management covers the full supplier lifecycle: identifying vendors, negotiating contracts, onboarding them into systems, tracking performance, and managing relationships for long-term value.
In ERPNext
ERPNext's Supplier module, Supplier Scorecard, Request for Quotation, and Purchase Analytics together form a complete vendor management workflow.
KPIs
On-time delivery rate, defect rate, lead time consistency, price competitiveness, and payment terms compliance are key vendor performance KPIs tracked in ERP systems.
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