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What is Vendor Relations Enabler (VRE)?

The Vendor Relations Enabler is an all-encompassing Vendor Relations Management system that provides a flexible and cohesive platform for engaging with, managing, and evaluating the vendors of an organization. This system offers a detailed perspective on vendor activities and performance indicators, incorporating features such as a vendor portal, scorecards, and self-registration capabilities. As a web-based application, VR Enabler optimizes collaboration and information sharing between the purchasing organization and its vendors, providing users with powerful tools for vendor assessment and oversight. The Vendor Registration functionality automates the collection of crucial vendor details, including in-depth evaluations of their capabilities, while also ensuring that vendor profile information remains current. By aiming to reduce costs and streamline efforts for all parties involved in the registration process, this feature also keeps an updated roster of industry-specific vendors. The information gathered during the vendor registration process meets the essential informational requirements of various departments, thus boosting overall operational efficiency within the organization. Consequently, this system fosters enhanced vendor interactions and offers a more systematic approach to vendor management, ultimately leading to more strategic partnerships and improved organizational performance.

What is Evaluator?

An evaluator plays a crucial role in guiding decision-making by methodically assessing multiple options against a common set of standards. For example, when selecting a vendor’s offering, considerations such as features, costs, and availability are evaluated. Each choice is assigned a numerical score based on these established criteria, which simplifies the comparison process among the alternatives. The importance of each criterion can be customized through weighting, which influences its contribution to the overall evaluation score. This tool also promotes collaborative assessments, enabling various stakeholders to input their scores, resulting in a unified scorecard that captures the group's collective viewpoint. The results of this assessment can be presented in various formats and compiled into a detailed report for further analysis. Users also have the flexibility to set a scorecard baseline at any point for the sake of auditing. Moreover, they can create scorecard templates from existing evaluation criteria, streamlining the process of developing new scorecards that utilize the same standards for evaluating different options. Additionally, assigning appropriate weights to each criterion based on their significance in the decision-making process is vital for achieving fair and balanced evaluations. Ultimately, this systematic approach enhances the clarity and effectiveness of the decision-making process, enabling users to make well-informed choices.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Virinchi Technologies

Company Website

www.virinchi.com

Company Facts

Organization Name

Midrig

Company Location

United Kingdom

Company Website

midrig.com/evaluator/

Categories and Features

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

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