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A vendor management system (VMS) is a web-based application that helps businesses manage and procure staffing services and contingent labor. Learn about the history, features, definitions and benefits of VMS from this Wikipedia article.
Vendor-managed inventory (VMI) is an inventory management practice where a supplier is responsible for optimizing the inventory held by a distributor. Learn about the benefits, components and challenges of VMI, and how it differs from traditional inventory management.
Learn about the features, history and purposes of inventory management software, a system for tracking inventory levels, orders, sales and deliveries. Find out how it can help companies avoid overstock and outages, optimize inventory levels and automate tasks.
An applicant tracking system (ATS) is a software application that enables the electronic handling of the entire recruitment and hiring processes. Learn about the main use cases, features, and challenges of ATS, as well as the resume optimization techniques and AI tools used by candidates.
ERP is the integrated management of main business processes, often in real time and mediated by software and technology. ERP systems can be local-based or cloud-based and cover various functional areas such as finance, accounting, human resources, manufacturing, supply chain, project management, CRM, SRM, etc.
Learn how to measure, analyze, and manage the performance of a supplier to cut costs, alleviate risks, and drive continuous improvement. Find out the key performance measures, steps, and benefits of supplier performance management.
Vendormate is a company that screens and monitors vendors and contractors for hospitals and other organizations. It conducts background checks, financial screening, and compliance/document monitoring for a fee.
Learn how to evaluate and approve potential suppliers by quantitative assessment, and how to monitor their performance for continuous improvement. Find out the benefits, drawbacks and tools of supplier evaluation, and the Carter 10Cs model and the FSQS system.
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