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Vendormate, Inc. is a 3rd-party vendor credentialing firm primarily geared toward the healthcare market, and headquartered in Atlanta, Georgia. Vendormate is retained by other organizations with the need to keep track of and screen their suppliers, vendors, and contractors in a centralized database. When retained by a hospital or other company ...
Vendor-managed inventory ( VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. Under VMI, the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the ...
A vendor management system ( VMS) is an Internet -enabled, often Web-based application that acts as a mechanism for business to manage and procure staffing services – temporary, and, in some cases, permanent placement services – as well as outside contract or contingent labor. Typical features of a VMS application include order distribution ...
Promotional media. Research. v. t. e. In economics, vendor lock-in, also known as proprietary lock-in or customer lock-in, makes a customer dependent on a vendor for products, unable to use another vendor without substantial switching costs . The use of open standards and alternative options makes systems tolerant of change, so that decisions ...
Vendor relationship management. Vendor relationship management (VRM) is a category of business activity made possible by software tools that aim to provide customers with both independence from vendors and better means for engaging with vendors. These same tools can also apply to individuals' relations with other institutions and organizations.
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A vendor is a supply chain management term that means anyone who provides goods or services of experience to another entity. Vendors may sell B2B ( business-to-business; i.e., to other companies), B2C (business to consumers or Direct-to-consumer ), or B2G (business to government). Some vendors manufacture inventoriable items and then sell those ...
Shared services. Shared services is the provision of a service by one part of an organization or group, where that service had previously been found, in more than one part of the organization or group. Thus the funding and resourcing of the service is shared and the providing department effectively becomes an internal service provider.