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  2. CRM software for vendor management reduces risks and improves regulatory compliance by centralizing, collecting, documenting, and communicating all vendor information and performance information, in order to support fast and accurate due diligence and audits.
    crmrunner.com/blog/role-of-crm-software-in-vendo…
    VRM tools provide customers with the means to bear their share of the relationship burden with vendors and other organizations. They relieve CRM of the perceived need to "target," "capture," "acquire," "lock in," "direct," "own," "manage," and otherwise take the lead of relationships with customers.
    en.wikipedia.org/wiki/Vendor_relationship_manage…
     
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