ERP-Driven Vendor Management: Unlocking Efficiency, Transparency, and Procurement
Year: 2025
Type: article
Abstract: The article explores the transformative impact of Enterprise Resource Planning (ERP) systems on vendor management across various industries. It examines how organizations shift from traditional, fragmented approaches to integrated, digital solutions that enhance operational efficiency and reduce risks. The article analyzes the evolution of vendor management practices, highlighting key benefits in workflow automation, data-driven decision-making, and compliance management. It investigates implementation challenges and provides practical solutions for change management, data quality assurance, and system integration. Furthermore, it discusses emerging trends in ERP vendor management, including artificial intelligence applications, blockchain integration, and advanced analytics capabilities. It demonstrates that ERP systems are a cornerstone for modern vendor management, enabling organizations to significantly improve operational efficiency, cost reduction, and strategic supplier relationships.
Author: Desi Ramananda Kishore Katuri
Institution: Jawaharlal Nehru Technological University, Hyderabad
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4407986248