Choosing a Vendor Management Firm: Top 10 Items to Consider

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How should I choose a vendor management firm?

Choosing a Vendor Management Firm: Top 10 Items to Consider

If you haven't partnered with a vendor manager before, you might be wondering “where should I start?” When choosing a firm, it's important to select a company with a strong background in vendor management. And, before choosing a company, it helps to have a few questions to ask. Here are 10 vendor management items to consider.

1. Unified invoicing

2. Web-based time tracking

3. Workforce planning tools

4. Online time tracking

5. Customized reporting options

6. State and Federal regulation compliance

7. Subtiering capability

8. Workflow tools

9. Reporting on Time Sheets

10. Vendor Consolidation

Check out companies like Delta Pharma that specialize in helping organizations manage and monitor their growth. This company has many online tools to help with the recruitment cycle, including administration, requisition development, time reporting and other advanced tools. This will save you the trouble of developing and managing these tools in-house, and will save you money in the long run.

   

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