System and method for vendor management

Details System and method for vendor management System and method for vendor management

G - Physics

06

Q

G06Q 30/02 (2012.01)

Patent

CA 2618325

A system and method are provided for vendor management during a procurement process. Vendor qualification data is stored and compared relative to a procurement request. Based upon statistical data in relation to previous bidding information and vendor relevance a list of recommended Vendors for invitation can be generated. The recommended list ensures fairness in the selection of Vendors and statistics are automatically updated. Data in relation to the selection process is maintained to provide an audit trail through the procurement process.

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