Vendor Management System (VMS) Solutions
Selection, qualification, onboarding, and management of vendors are all mission-critical activities for any business enterprise. Poor vendor selection and management tools and processes often lead to poor performance, damaged reputation, and erosion of a hard-won customer base. For many enterprises, bottom-line results are often tied directly or indirectly to the organizational ability to efficiently select, onboard, and manage their key vendor base.
An effective Vendor Management system (VMS) must include built-in tools, processes, and protocols that add tangible value to that Program without creating information disconnects or loss of visibility. A truly comprehensive Vendor Management and Onboarding software application will combine those tools, processes, and protocols into a single, visible, user-friendly, intuitive, and scalable application that will provide the foundation for a vendor management system that will be effective, cost-friendly, and a positive contributor to the bottom line.
Also Read: How to Choose the Right Vendor Management Software
Vendor Management System Features
Plasma has an exceptional track-record in the development and deployment of enterprise-level Vendor Management software (VMS) solutions. Our extensive collaboration with several Fortune 1000 organizations has provided us with deep insight into the key functionalities that must be contained within such a solution. Those would include (but not be limited to):
- Vendor Qualification and Onboarding Rules and Flows
- User Roles and Information Controls
- Automated Document Handling (Contracts, NDA’s SLA’s etc.)
- Automated Notification Capabilities
- Performance Monitoring
- Corrective Action Requests (CAR)
- Regulatory Compliance
- Calendars and Alerts
Customize with Plasma
Plasma is among the leaders in the provision of custom and semi-custom Vendor Management and Onboarding solutions. Our ten years of experience in design and development of high-end Business Process Management (BPM) solutions has provided the foundation from which we are able to deploy Vendor Management Solutions that meet the specific business and operational needs for clients within a diverse set of industry verticals. Our solutions are prized as being flexible, scalable, robust, and cost-effective and have been integral factors in the complete overhaul of under-performing, legacy, Vendor Management systems.
Every enterprise is different and we fully realize that every organization will have its unique set of problems, goals, and objectives with respect to Vendor Management approach and philosophy. The breadth and depth of our experience in this area allows us to take a holistic approach that takes into account all of the unique requirements of a specific client. This experience also enabled us to actively collaborate with the client on the design, development, and deployment of a solution that is fully in line with their vision.
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Plasma has built, hosted and is maintaining and supporting the an Enterprise Certification process for one of the world’s largest Telecom companies. The process permits entities to submit Devices to the client’s Developer Program for certification on their wireless network. The Application has been integrated to manage onboarding data from the Device process. The Platform also provides easy integration with the client’s existing business processes and systems while dynamically adapting to process changes.
The On-boarding process for has reduced time to market for their new and emerging devices used for wirelessly connected consumer or business devices. The Onboarding tool developed shortens the path to get a new product to the market, makes it easy for developers to submit their device online, electronically sign legal documents, and track bugs and issues opened by the client’s test labs.