Trying to get to grips with VRM

I’m desperately trying to get my grips around the concept of VRM or Vendor Relationship Management. I think its very important for the way society is heading with the Customer becoming King.

The concept as such is simple enough. Where CRM - Customer Relationship Management - is about staying updated and on track with you customers and clients, VRM is the opposite. It’s about you staying on top of the companies that you have some sort of relationship with.

From here it gets pretty technical. A lot of ideas are floating around, but thankfully there are good people, who try to help one sorting everything out. So I’m still an optimist as to one day finally getting it.