Vendor Management
Manage vendors in Fishbowl to keep your supply chain humming along
Vendor management has never been easier thanks to Fishbowl’s intuitive supply chain features. Manage vendor relationships, create default vendors for parts, and keep track of vendor contracts and payment terms from a centralized database.
Enhance your vendor management capabilities and relationships with valuable data
Managing Vendors
Work with multiple vendors to stay well-stocked.
Managing Vendors
Advanced Vendor Management
Take advantage of Fishbowl for better vendor management strategy, KPIs, and contract management.
Advanced Vendor Management
Vendor Payment Terms
Record each vendor’s payment or contract terms and additional requirements.
Vendor Payment Terms
04 | Vendor Relationship Management
Take into account minimum quantities and other factors to manage vendor relationships
Every vendor you work with likely has different minimum quantities or total order values that you must meet before they will fulfill an order. It’s important to engage in vendor relationship management in order to keep track of critical factors like these and inform staff about them when they’re creating a purchase order with a particular vendor on it. Thankfully, Fishbowl does just that. This helps you maintain healthy vendor relationships and ensure your purchase orders get approved by them.
Auto Purchase Orders
Automatically generate purchase orders to quickly reorder items with low quantities.
Auto Purchase Orders
Default Vendor Management
Create default vendors to facilitate the reordering process.
Default Vendor Management
Vendor Performance
Measure your vendors’ consistency and reliability over time.
Vendor Performance
08 | Order Reconciliation
Reconcile incoming purchase orders to keep your vendor management system accurate
Fishbowl also gives you the ability to reconcile orders that have damaged goods or incorrect quantities, so you don’t have to worry if there are errors in the receiving process. You can mitigate risks and other business needs as they arise. Sometimes it’s worth it to do business with a vendor that charges a little bit extra for parts or shipping than one that charges less but has more delivery errors. There are many such tradeoffs in vendor performance and vendor contract negotiation to take into consideration.
Case Study
Spark R&D
Significant improvement in vendor management and more
- Able to work with multiple vendors to keep numerous products in stock as part of their vendor management strategy
- Increased visibility of inventory data across all departments to facilitate procurement
- Scalable software solutions can grow with the company’s onboarding and supply chain needs
- Dramatically improved their order fulfillment and vendor performance management processes
