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Vendor Relationship Management

Vendor Relation Management

Vendor relation management or VRM enhanced the procurement process as a business category with the tool in place. This category of business activity is made possible by online portals or software tools that aim to provide customers with a better means for engaging with vendors. Enquirysol provides the online portal for Vendor Relationship Management.

Vendor Relationship Management enhances the purchases and the business operation. Recent years as the business is more transparent, the relationship with the vendors has a direct impact on the business process as well as profit maximisation. Before decades profit was measured with the increase in selling price and there is the limit in increasing the price. Optimizing the purchasing is known to be the best practice for profit maximisation. Hence Vendor Management is the key success factor in the business.

Vendor Management

Business depends on the Vendor Management, as well as the right choice of the vendor being a challenge. Vendor Management as a business activity made possible by software tools, there is the challenge in choosing the right solution. A healthy relationship with the suppliers helps to keep updated with the latest trends in the market. Enterprise level ERP has the solution for Vendor Management which is challenging for the SME’s who do not have adequate resource to invest in a large Enterprise ERP.

Healthy Relation with Suppliers

Supplier Relation Management is the business activity which enhances the business and being part of Profit Maximisation. When the engagement is healthy with the suppliers, the support from the supplier’s increases. As the suppliers are updated with the requirements, even suppliers get ready to demonstrate new products available which are high quality and lower price. When the suppliers know that software is in place, the suppliers become alert to provide better support to win the deal.

Transparency in Business Operation

Online portal for Vendor Management or Supplier Management, creates an open door for the top management to understand the communications with the suppliers. Top Management is supported with the required information for the managerial decisions. Executives are controlled without any system in place. Enquirysol is an online portal for Vendor Management, portals help in engaging and with vendors and making purchase decisions.

Enquirysol for Small and Medium Enterprise

Enquirysol as an online web portal can be used for all level of business from one man shop or freelancers to the large enterprises. We recommend for the small and medium enterprise as the investment required for an online portal like Enquirysol for vendor management or supplier management is very low comparing to the investment for an ERP. The gap in the solutions available in the market is very high and the SME’s suffers without a solution where Enquirysol will fit their requirement. Enquirysol as a web portal to help the SME’s to for vendor relationship management as well as finding the new vendors. As it is difficult for SME’s to make a huge investment for an ERP, Enquirysol acts as an effective solution.

Vendor Management

Enquirysol as a Vendor Management portal helps purchase departments in the company to increase their efficiency. In Enquirysol, as a buyer, the suppliers are added in different categories and it becomes easy to manage their vendors and get in touch when there is a requirement.

Buyers can create the list of vendors according to their business requirements and add the vendors to each list, an invitation will be sent to the vendor email for self-validation which will help in effectively controlling the spam on the portal. The process of creating and adding new vendors is very simple without any complication. For any support contact us at support@enquirysol.com or talk to us at 24/7 chat support.

Business Lead Generation

Enquirysol works as a Lead Generation Portal. When the buyer needs to find a new supplier, a buyer can submit the enquiry with the requirements and with the supplier information as like location, size of the company, location, requirement industry category etc, This is a uniqueness of the portal as it reduces the time of internet research to find a new vendor. An enquiry submitted by the buyer will reach to all the potential sellers in the relevant market. Which on the other side works as lead generation option for the potential suppliers as well as service providers in the market.

Getting Connected between Sellers and Buyers

All the enquiries are sent directly to the email and can reply directly to the client. Also, the enquiries generated and received will be always available on the portal and can be accessed at any time. EnquirySol has a unique process to find the vendors, here the enquiry is sent once and the buyer can decide the supplier type. What Enquirysol says is “It is always better to send the enquiry once and say a number of vendors you like to get contacted than submitting to a number of companies to contact back”. By registering with Emquirysol Portal, our team will be doing the research to find new suppliers for you in the market.

As the result of globalisation, the business started growing and the companies started sourcing for the vendors across the globe. In EnquirySol it is possible to source and manage the vendors efficiently which helps the business to increase the profitability. Vendor Management results in the timely supply of materials at an attractive price with a profit margin. Vendor Management keeps the vendor happy, customer satisfied and the business grows. Vendor management is a part of customer relationship management.

How EnquirySol Works?

EnquirySol as an online portal has the members registered as buyers and sellers. The buyer has more functionality as the buyer will have access to Vendor Management. Seller as a member gets alerted for all the relevant enquires generated. Register to start and we are developing day by day to increase your experience. You are always welcome to put your comments to us at marketing@enquirysol.com

Here we explain how to start using the portal for vendor management or supplier management and also as a supplier for the potential lead generation.

If you have your existing vendors and you would like to manage your existing vendors, then to follow the following steps;

 

  1. Create your account with Enquirysol, please select “register as buyer” while creating your account

  2. On your dashboard click on VRM to create the vendor lists categorised according to your business requirement

  3. In the list to add the vendor start typing your vendor email id, if the vendor is already a member the vendor get added or else send an invitation to your vendor and vendor does self-validation to avoid spamming and once validated vendor will be added to the list

  4. Click on “send enquiry” and then write the requirement and submit then the vendors are notified with an email regarding the enquiry.

 

When you are looking to source a new vendor for a new or existing product or service you can find the vendors with one enquiry. And the beauty is it works with very simple steps like submitting the enquiry with your requirement and the requirements of the supplier like location, size, industry etc and the enquiry will reach to the most relevant suppliers as required.

Are you a seller in the market and need to connect with the buyers and to get business enquiries or sales leads. Follow the steps to be a member of the portal and select yourself as a seller while creating the member account in the portal. There are two possibilities that you can be added a vendor by your client or you get enquiries or leads once when someone sourcing for a vendor.