Shining the Light of Data on Supplier Spend

Before I started VendOp, I developed medical devices. A constant challenge in that work was finding, vetting and sourcing vendors who could help turn my ideas into a reality. Asking around to my coworkers, doing Google searches and reviewing old approved vendor lists in Excel never inspired confidence. It was also massively inefficient.

I wanted one single sourcing network that would show me all my company’s experiences with the suppliers we had worked with and what their capabilities and strengths were, along with the ability to tap the wisdom of the crowd outside the company. If I was recruiting people I’d use Linkedin or glassdoor, but there was nothing for discovering the right supplier. What I wanted was something that didn’t exist. But now it does.

We’re announcing today the introduction of VendOp for the enterprise. It’s your entire supplier list reimagined in one cloud platform that you can search in seconds. Every time you use VendOp, it gets smarter about your supplier relationships. It compliments your existing supplier systems of record. There’s no IT investment needed. The whole company can use it. And it’s modular so you only pay for the features you use.

With VendOp, you can:

• Onboard suppliers with automated tools
• Rate, review and compare suppliers
• Start a PO directly from a supplier profile
• Evaluate the quality of your supplier spend

Thousands of large companies already use VendOp but they told us they wanted to more functionality, in particular the ability to tailor reviews to meet their company needs and capture proprietary information. VendOp unlocks a new and more strategic approach for procurement by enabling a data and quality driven evaluation of supplier spend.

 

What’s In It for Suppliers?

We’re excited about what this means for vendors and suppliers too. Too often partners get pigeonholed because they’re working with only one part of the customer organization. Or the company has divergent views of a vendor because they have no clear line of sight into their capabilities, strengths and history. It’s this gap in information and access to it that makes sourcing suppliers inefficient and risky for both parties.
This new chapter for VendOp will enable partner companies to get rewarded for great work and share other services they can provide to existing and potential customers through their VendOp profiles. If you’re a supplier, you can find your profile on VendOp.com here: https://www.vendop.com/find-your-company/. Once you’ve found your company, hit “Claim Listing” to start updating your profile.