ERP-Driven Vendor Management: Unlocking Efficiency, Transparency, and Procurement
DOI:
https://doi.org/10.32628/CSEIT251112338Keywords:
Enterprise Resource Planning (ERP), Vendor Management Automation, Digital Supply Chain Integration, Compliance Risk Management, Business Process Optimization, ProcurementAbstract
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.
Downloads
References
Sara AlMuhayfith, Hani Shaiti, “The Impact of Enterprise Resource Planning on Business Performance: With the Discussion on Its Relationship with Open Innovation,” September 2020, Available: https://www.sciencedirect.com/science/article/pii/S2199853122005807
Hadi Shirouyehzad, et al., “Efficiency and Ranking Measurement of Vendors by Data Envelopment Analysis,” December 2024, Available: https://www.researchgate.net/publication/50934444_Efficiency_and_Ranking_Measurement_of_Vendors_by_Data_Envelopment_Analysis
Sascha Kraus et al., “Digital transformation in business and management research: An overview of the current status quo,” April 2022, Available: https://www.sciencedirect.com/science/article/pii/S0268401221001596
The Deloitte Global CPO, “Challenges of Manually Managing the Vendor Procurement Process,” September 23, 2024, Available: https://c1india.com/challenges-of-manually-managing-the-vendor-procurement-process/
Litcom Consulting Inc, “Leveraging ERP for Data-Driven Decision Making: A Strategic Advantage for Modern Enterprises,”14 November, 2024, Available: https://www.litcom.ca/leveraging-erp-for-data-driven-decision-making-a-strategic-advantage-for-modern-enterprises/
Arianne Pellerin, “How an ERP can transform vendor management and supplier relationships,” September 26, 2024, Available: https://www.gestisoft.com/en/blog/how-an-erp-can-transform-vendor-management-and-supplier-relationships
K Al-Fawaz et al., “Critical success factors in ERP implementation: A review,” January 2008, Available: https://www.researchgate.net/publication/49401950_Critical_success_factors_in_ERP_implementation_A_review
Richard Kapupu, et al., “Change Management Strategies in ERP Implementations: a Case Study,” May 2015, Available: https://www.researchgate.net/publication/283939571_Change_Management_Strategies_in_ERP_Implementations_a_Case_Study
Hemanth Kumar Gollangi, et al, “The Impact of AI and ML on ERP Systems and Supply Chain Management,” August 2024, Available: https://www.researchgate.net/publication/384081137_The_Impact_of_AI_and_ML_on_ERP_Systems_and_Supply_Chain_Management
JAGGAER, “The Future of Supplier Collaboration is Now: AI is Optimizing Supplier Relationships,” October 24, 2024, Available: https://www.jaggaer.com/blog/how-ai-is-optimizing-supplier-collaboration
Moutaz Haddara, Julie Norveel, Marius Langseth, “Enterprise Systems and Blockchain Technology: The Dormant Potentials,” 2021, Available: https://www.sciencedirect.com/science/article/pii/S1877050921002453
Downloads
Published
Issue
Section
License
Copyright (c) 2025 International Journal of Scientific Research in Computer Science, Engineering and Information Technology
This work is licensed under a Creative Commons Attribution 4.0 International License.