Vendor Management software

Vendor Management Made Easy

Manage all suppliers in one place, control costs, and minimize risks with Order.co’s vendor management software.

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Take vendor management
to the next level

  • Centralization

    With one platform to manage all vendors, streamline communication, procurement tasks, and spend controls for all your vendors.

  • Efficiency

    Automate procurement processes, including requisitions, approvals, order fulfillment, and payments, to decrease manual tasks and cycle times.

  • Visibility

    Take control over your vendor relationships with quick access real-time purchasing and spend data, savings insights, vendor performance, and more.  

  • Customization

    From product catalogs to budgets, approval workflows, and integrations, Order.co is highly customizable to your organization’s needs.

Key features of optimized vendor management systems

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Vendor onboarding

Seamlessly onboard vendors leveraging Order.co’s automated catalog creation and expert implementation team for a quick and easy setup.

  • Minimal time and effort to add vendors
  • Scale your vendor network without sacrificing efficiency
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Contract negotiation

Secure better pricing or terms for high ticket vendors and products with hands on support from our Vendor Partnerships team.

  • Eliminate lengthy contract negotiations
  • Optimize your vendor selection
detailed spend analysis and insights in spend management software

Vendor performance management

Gain complete vendor visibility and measure KPIs for improved supplier relationships, operational efficiency and mitigated risks in reliability, delivery timelines, and more.

  • Access real-time data on all vendors
  • Ensure vendor performance meets or exceeds expectations
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Vendor risk management

Boost supply chain resilience and optimize vendor selection with Order.co's sourcing AI technology that identifies the optimal vendor for each purchase.

  • Proactively prevent business disruption
  • Access 15k+ vendors to meet all fulfillment needs
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Procurement automation

Optimize your vendor management with procurement automation features, such as automated requisitions, order fulfillment, tracking, and reporting.

  • Shorten your purchasing cycle time
  • Improve order accuracy and vendor communication
consolidated bill for all vendors in procurement software

Vendor payments

Simplify vendor payments with Order.co’s consolidated bill. Pay 1 bill per month for all purchases, while every vendor receives timely payments for each individual order.

  • Automate payments and bookkeeping
  • Unlock universal net terms for all vendors

Vendor management should be manageable. With Order.co, it is.

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“Because all of our vendors are consolidated onto 1 platform, we are able to streamline the supply ordering process, as well as expense allocation, which ultimately allows us to focus more energy on our business.”

- Gina, Assistant Manager of Retail Operations, Loro Piana

“Order.co’s analytics are tremendous. We couldn’t get anything nearly as granular from our vendors...by location, practice group, or category.”

- Ellsworth, National Operations Manager, Cozen O'Connor

“For opening new studios, we had as many as eight to ten different vendors. It used to take about 2 days and a lot of email correspondence back and forth. Now it is less than a 4 hour process and I can trust everything will arrive correctly.”

- Charly, Regional Manager, [solidcore]

“Order.co is the easiest way to streamline the entire vendor purchasing and negotiating process into one system.”

- Ben, Operations Manager, The Yard
See customer stories
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Vendor Management resources

Leverage Order.co’s blogs, templates, and more to streamline your business’s vendor management system.

Discover resources
Blog

How Order.co Helps You Streamline Vendor Relationships

Order.co helps buyers easily purchase and track spending with every vendor in their organization—online or offline. Learn how in our latest expert interview.
owner keeping up with vendor relationships
Blog

The Complete Guide to Vendor Scorecards [+Free Template]

A vendor scorecard allows businesses to objectively evaluate their suppliers. Use this guide to create an effective scorecard program quickly.
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Customer Story

Clinton Management consolidates payments, improves vendor relationships, and saves money

How Clinton Management simplifies their payments and saves $1,200 a month with Order.co.

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Tool

Vendor Risk Management Checklist

Download our free vendor risk management checklist to better manage third-party risk and establish stronger vendor lifecycle management practices.
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Ebook

The Complete Guide to Procurement Management KPIs

Dive deep into how your team can benefit from tracking procurement KPIs, the 15 most important KPIs to track, and a detailed worksheet to help you calculate which KPIs suit you!
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Frequently asked questions

Vendor management software helps businesses select the right vendors, control costs, mitigate vendor risks, ensure order delivery and pay suppliers.

Businesses use a vendor management system to organize and centralize vendor data, improve communication with vendors, and eliminate manual purchasing tasks.

Using a vendor management system, businesses reap substantial benefits:
  • Reducing spending on materials, goods, and services
  • Consolidating suppliers into a preferred program
  • Tracking reorder and renewal information
  • Improving supplier compliance rates
  • Streamlining the procurement strategy and process
  • Automating the accounts payable (AP) process
  • Improving decision-making through better data visibility

Vendor management systems support procurement teams through the entire purchasing process by improving communication with vendors, centralizing data, and eliminating manual purchasing tasks.

When done effectively, vendor management follows a predictable pattern of selection, negotiation, contractual agreement, performance measurement, and renewal or offboarding.

Save time on vendor management

See why hundreds of procurement and finance professionals choose Order.co to optimize their vendor management.

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