Vendor management software for stronger supplier performance
ISPnext's Vendor Management brings overview and structure to supplier management. Our platform centralizes all relevant supplier information, from contracts and spend to performance and risk profiles, in one place. Work smarter, make better-informed decisions and increase the value of your supply chain.
Manual vendor management costs time, oversight and control
Vendor management can be a challenge: information is often fragmented, communication runs poorly and risks are hard to control.
See how ISPnext solves this ›Time-consuming manual work
Manually maintaining and requesting supplier data takes unnecessary time and increases the risk of errors.
Fragmented communication
Communication with suppliers runs through separate channels, so agreements and updates are easily lost.
Scattered supplier information
Contracts, performance and risk profiles are disconnected, so a complete picture is missing.
Hard-to-control risks
Without central control and periodic review, the risk of compliance and continuity issues grows.
Who is Vendor Management suitable for?
Vendor Management is ideal for organizations that want control over their supplier relationships, want to minimize risk and optimize performance.
Procurement Manager
Manage supplier information, performance and risk centrally to make better agreements and strengthen your procurement strategy.
CPO
Optimize strategic supplier relationships with insight into risk, compliance and performance from one vendor management platform.
IT Manager
Ensure secure, scalable integration of supplier data via a streamlined platform that connects effortlessly to your ERP landscape.
Vendor Management in 5 steps
With Vendor Management you manage supplier information centrally, monitor performance and stay compliant. You gain control over risk and get more value from your supplier relationships through one streamlined platform.
Centralize supplier information
One source for all data, contracts and performance.
- 360° view per supplier
- Documents and certificates centralized
- Connected to your ERP
Measure performance
Assess suppliers on performance, spend and agreements. With ratings and reports per vendor.
- Ratings and assessments per supplier
- Spend per vendor directly visible
- Report with one click
Increase compliance
Automatically monitor risks, certificates and agreements and stay demonstrably compliant.
- Risk & compliance per supplier
- Automatic alerts and notifications
- Full audit trail
Optimize collaboration
Work efficiently together via the Supplier Portal: contacts, tasks and communication in one place.
- Supplier portal for vendors
- Tasks and follow-up recorded
- One point of contact per vendor
Keep improving
Use insights from spend, ratings and relationships to continuously improve your supplier base.
- Insight into relationships and rebates
- Steer on value per supplier
- More value from every relationship
The benefits of Vendor Management
ISPnext Vendor Management gives procurement teams the tools to digitize supplier relationships and stay in control of performance and risk.
Request a demoBetter contact with your suppliers
With the supplier portal you keep supplier data up to date. Requesting information such as contact details or certificates is easy, making collaboration smoother.
Insight into spend and performance
Vendor Management gives you control over what you spend per supplier. You link spend to contracts and risk profiles and assess performance via Vendor Rating.
More control over compliance and risk
You classify suppliers by impact and track risks closely with internal questionnaires, so you can anticipate potential bottlenecks faster and better.
Why choose Vendor Management?
Customers on Vendor Management
More than 450 organizations trust ISPnext. From retail and logistics to food and business services: our customers choose efficiency, transparency and better collaboration with their suppliers.
View all customer cases“ISPnext's platform works very conveniently. It allows us to have all documents in one storage.”
“ISPnext's Vendor Management seamlessly matches our needs and provides immediate solutions to our challenges.”
“We chose to automate our performance measurements, and in collaboration with ISPnext, we succeeded.”
Prefer to learn more first?
Want more control over supplier relationships, risks and performance? Discover in the free whitepaper Vendor Management in 5 steps how to increase efficiency and get more value from your procurement relationships.
Expand your Vendor Management with additions
Add functionality that fits your organization and processes.
ERP integrations for vendor management
30+ standard ERP integrations, ready to use without customization.
Frequently asked questions about Vendor and Supplier Management
Vendor Management, also known as Supplier Management, is the process of collecting, managing and analysing all supplier information to optimize relationships, performance and risk.
A VMS is software that centralizes all supplier information, automates processes and provides insight into performance and compliance.
Vendor Rating assesses suppliers based on predefined criteria, such as quality, delivery reliability and contract compliance.
It strengthens collaboration, increases performance and reduces risk within the supply chain.
For each supplier you record which risks apply and which controls belong to them, from financial health to information security and sustainability. Assessments are repeated periodically, so a risk surfaces before it becomes a problem.
Onboarding is the process in which a new supplier submits its details, documents and certificates and is approved. Suppliers enter that information themselves through a portal, which keeps your master data complete and current.
Yes, contracts, insurance certificates, ISO certificates and declarations sit in the supplier record with an expiry date. When a document runs out, both the supplier and the owner get an automatic reminder.
Automate your vendor management today
Join 450+ organizations that have transformed their supplier process.