Selecting Vendor Management Systems: Differentiating Criteria

Companies looking for a new vendor management system (VMS) have a wide variety of software solutions to choose from that on the surface appear to have very similar functionality. With so much commonality across the leading solutions, sourcing and vendor management professionals are better served to focus on the differentiating areas like business intelligence, international capabilities, and supplier collaboration. This report outlines the key questions to ask the software vendors during a selection process to distinguish between the solutions and to find the VMS that's the best fit for your company.