Open Vendor Relationship Management (OpenVRM)

Open Vendor Relationship Management (OpenVRM) is a framework that enables businesses and vendors to share and manage information about their relationships securely and transparently. It promotes open standards and interoperability, making it easier to exchange data such as contracts, performance metrics, and communication details. OpenVRM aims to create a trusted environment where companies can collaborate more efficiently, reduce misunderstandings, and adapt quickly to changes. Think of it as a shared digital platform that streamlines vendor interactions, fostering better partnerships through openness and standardized data exchange.