Analysis of Automation of Vendor Master Database

Most organizations aim at standardizing their procurement operations and reducing costs to the possible minimum.Hence, the effective management of vendor relationships happens to become a crucial element for the proper functioning of an organization.The subject matter of the current study is an ANOVA analysis of automation of a vendor master database that would efficiently and accurately handle a corporation's vendor data.The purposes of this research are to quantify the benefits of automation by comparing traditional processes and automated processes on time, accuracy, and user satisfaction.Results of this study demonstrate that automation benefits are highly positive in terms of performance metrics, and recommendations of actual implementation would be made in different organizational contexts.