Topic
Vendor management
Managing suppliers across their lifecycle: the master record, performance and the documents behind both.
Articles
Vendor management, explained.
Vendors What is Vendor Management? Process, Lifecycle and KPIs Vendor management is how a business selects, onboards, contracts, pays, monitors and exits suppliers, so each delivers what was agreed, at the agreed price. OneFinOps Editorial 3 min 
Vendors Vendor Risk Assessment: Process, Checklist and Framework Vendor risk assessment rates a supplier's compliance, financial, operational, data and reputational risk into a score and tier that set approval and controls. OneFinOps Editorial 3 min 
Procurement Procurement Process: Steps, Types and Flow Chart The procurement process is the set of steps a business follows to buy goods and services: identify the need, source a supplier, order, receive, pay and review. OneFinOps Editorial 2 min 
Vendors Vendor Onboarding Process: Checklist, Documents and Form Vendor onboarding is how a business collects, verifies and records a new supplier's PAN, GSTIN, Udyam status and bank account before the first order or payment. OneFinOps Editorial 4 min Glossary
The terms you will meet.
Vendor management Preferred Vendor A preferred vendor is a pre-approved supplier who has met stringent evaluation criteria and is given priority status for procurement within specific categories. Also called preferred supplier, approved vendor, approved supplier Vendor management Vendor Consolidation Vendor consolidation is the strategic reduction of the supplier base by eliminating redundant or underperforming vendors to improve efficiency, compliance, and negotiating power. Also called supplier consolidation, supplier rationalisation, vendor rationalisation Vendor management Vendor Scorecard A vendor scorecard is a structured evaluation tool that measures and tracks supplier performance across key metrics like compliance, delivery, quality, and cost. Also called supplier scorecard, vendor rating, vendor performance scorecard
See it in the product
Vendor management, in the product.
Financial OperationsVendor ManagementVendor master, KYC verification at scale, risk scoring, performance tracking and a self-service vendor portal.Vendor ManagementVendor MasterBills, payments, contracts, performance and risk in one vendor view.Vendor ManagementVendor Performance TrackingOn-time delivery, quality acceptance, payment cycle. Alternates surfaced on score decline.Vendor ManagementVendor Self-Service PortalVendors view POs, GRNs, bills, payment status. Submit invoices. Update KYC.DomainProcure to PayProcurement, Vendor Management, Vendor Compliance, Expense Management