Vendor Relationship Management

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instanceOf Process
gptkbp:aimsTo Enhance value from vendors
Optimize vendor performance
Reduce supply risk
gptkbp:benefit Innovation
Cost savings
Risk mitigation
Improved quality
gptkbp:challenge Data quality
Communication barriers
Cultural differences
Changing regulations
Supplier risk
gptkbp:focusesOn Sustainability
Compliance
Ethical sourcing
Long-term partnerships
Strategic sourcing
https://www.w3.org/2000/01/rdf-schema#label Vendor Relationship Management
gptkbp:includes Performance monitoring
Contract negotiation
Relationship development
Vendor evaluation
Vendor selection
gptkbp:relatedConcept Outsourcing
Contract management
Supplier diversity
Supplier scorecard
Supplier segmentation
Third-party risk management
Vendor compliance
Vendor offboarding
Vendor onboarding
gptkbp:relatedStandard gptkb:ISO_9001
ISO 20400
ISO 44001
gptkbp:relatedTo Procurement
Vendor Management System
Supplier Relationship Management
gptkbp:usedBy Public sector organizations
Large enterprises
Procurement departments
Supply chain managers
gptkbp:uses gptkb:Key_Performance_Indicators
Scorecards
Contract management systems
Vendor Management Software
gptkbp:bfsParent gptkb:VRM
gptkb:VRM_(Vendor_Relationship_Management)
gptkbp:bfsLayer 7