To fulfill your business’ mission, you need to develop strong and lasting relationships with your suppliers. Adopting vendor management best practices will help you forge a stronger bond with your suppliers by working toward mutually beneficial agreements for both their company and yours. But that’s not always so simple. From supplier selection and onboarding to vendor contracts and risk mitigation, there are several steps that buyers should consider streamlining their vendor management process, saving them both time and money.

Join Rhonda Greene, Principal Solutions Consultant at AvidXchange, to learn five steps to implement a vendor management policy that benefits both you and your suppliers. 

Learning Objectives:

• Outline how to build supplier relationships based on mutual respect for each other’s strategic goals 


• Determine a plan to negotiate terms with critical suppliers 


• Recognize how vendor management tools and technology can forge beneficial, long-term vendor relationships