VendorPanel

VendorPanel is a supplier management and procurement solution that aims to streamline and optimize procurement processes for businesses of various sizes. According to the vendor, this platform caters to procurement professionals, supply chain managers, vendor managers, government organizations, and education institutions, providing them with the necessary tools and features to manage suppliers, control spend, make informed decisions, and ensure compliance.

Key Features

Supplier Management: According to the vendor, this feature allows businesses to increase spend under contract and competitive bidding, track supplier performance and buyer feedback, and automate the management of supplier compliance documents.

Better Spend Control: The vendor claims that this feature provides businesses with improved visibility and integration of supplier data, helping to reduce supply chain risk and increase efficiency. Additionally, it is said to drive savings through improved spend management.

Buyer Decision Support: According to the vendor, this feature offers buyers rich supplier information during RFx shortlisting and contract awarding. It provides access to compliance status, financial strength, and past supplier success to enable informed decision-making.

Automated Compliance Tracking: The vendor states that this feature helps businesses avoid using non-compliant suppliers in a decentralized environment. It is aimed at meeting benchmarks for OH&S and social procurement, while streamlining compliance management processes.

Go To Market: According to the vendor, this feature aims to streamline sourcing with a complete procurement solution. It helps standardize processes across all suppliers and spend types, improving efficiency and effectiveness in the procurement process.

Compliance Management: The vendor claims that this feature puts supplier compliance data in front of buyers during market engagement and contract awarding. It ensures adherence to compliance requirements and helps mitigate compliance risks.

Procurement Planning: According to the vendor, this feature guides procurement activities and ensures alignment with business goals. It optimizes sourcing strategies and resource allocation, aiming to improve procurement efficiency and effectiveness.

Supplier Discovery: The vendor states that this feature helps businesses identify and evaluate potential suppliers. It streamlines supplier qualification and selection processes, enhancing supplier relationship management.

Evaluation & Award: According to the vendor, this feature streamlines the evaluation and awarding of contracts. It ensures fair and transparent supplier selection, aiming to improve efficiency and accuracy in the evaluation process.

Contract Management: The vendor claims that this feature centralizes contract management and documentation. It tracks contract milestones and obligations, improving contract visibility and compliance.