Top 10 Vendor Management Best Practices in 2026

November 25, 2025 adminInfrastructure, Vendor ConsolidationLeave a comment0

Vendor management is the most essential part of any business, which has elevated its horizons more than just supplying goods. It means, the proper utilization of the vendor management process assists businesses in delivering quality products to end customers, enhancing customer satisfaction, and improving business reputation. Therefore, day by day, vendor management has become the priority for every online-to-offline business, a strategic way for organizations to drive business seamlessly. As we all know, the importance of managing vendors reduces the cost, minimizes risk, and builds a long-term relationship with every supplier and manufacturer.

However, many businesses still do not have enough understanding of vendor management, which may lead to business inefficiency. Therefore, below we have explained the top 10 vendor management practices that can significantly improve your procurement efficiency and vendor performance.

What Is Vendor Management?

Vendor management’s meaning is quite simple, yet one needs to understand the depth, since it is a perfect and overall structure of selecting, onboarding, monitoring, and managing the relationship with third-party suppliers to acquire and get the best goods and services for your business. Generally, the Vendor management process ensures vendors meet the quality standards, deliver the products or services on time, and support the overall growth of your company by fulfilling th targets and goals.

How To Manage Vendors: 10 Tips To Manage Vendors Seamlessly

To manage your vendors and drive your business growth, you can follow the tips below. It will help you to manage your suppliers and manufacturers effortlessly. Let’s have a quick look at every specific tip:

Create a Strong Vendor Selection Strategy

When we say managing vendors, the very first thing is to begin th journey with choosing the right supplier partner for your business. Therefore, before onboarding a vendor, you need to evaluate a few things, like

Industry expertise
Product or service quality
Delivery capabilities
Certifications and compliance
Pricing transparency
Customer reviews and references

Define Clear Contracts and SLAs

Businesses need to showcase their requirements and intentions towards vendors and then create a handful and concise contracts and SLAs. The unreliable contract may lead to delays, disputes, and even financial losses. Therefore, you need to outline clear goals such as:

Scope of work
Performance expectations
delivery timelines
Quality standards
Pricing and payment terms
Penalties for non-compliance

Maintain Consistent and Transparent Communication

Communication is the core part of vendor management to mitigate misunderstandings and ensure proper alignment of the supplies. You can follow the ways to establish better clarity with the vendors:

Assign a dedicated point of contact
Set up structured communication schedules
Use collaboration tools and vendor portals
Share regular forecasts and updates

Regularly Evaluate Vendor Performance

Regular monitoring of vendor performance and work reliability eliminates the arising issues of supply and delivery. You need to adhere to useful KPIs, which include:

On-time delivery rate
Quality defect percentage
Responsiveness
Compliance level
Cost accuracy

Implement a Vendor Risk Management System

Every vendor comes with some kind of operational, financial, and reputational risk, for which you can integrate a vendor risk management system. Some of the risk control measures include such as:

Conducting due diligence
Tracking financial stability
Ensuring data security compliance
Creating backup or alternate vendors
Performing regular audits

Focus on Building Long-Term Vendor Relationships

The main goal and priority must be to build a long-term vendor relationship to drive th business continuity without any hurdles and start-stop situations. Therefore, you need to consider vendor relationship management best practices, such as:

Give constructive feedback
Recognize top performers
Share business goals
Encourage collaboration
Offer training or support

Enable Vendor Development and Capability Building

Focusing on the development of vendors also improves the capability of your business to grow. This means establishing the relationship beyond transaction and collaborating to strengthen the wider relationships. This strategy includes

Joint training programmes
Quality improvement workshops
Technology support
Performance feedback sessions

Adopt Digital Tools for Vendor Management

Handling the vendor through a manual process increases the chances of errors and inconsistency in data. Therefore, adopting a digital tool for vendor management can simply elevate the complete vendor management process and evaluate the insights faster. Some useful digital solutions include:

Vendor Management Systems (VMS)
Procurement software
Automated invoicing tools
Spend analytics dashboards
Inventory Management/Supplier portals

Create a Smooth and Transparent Payment Process

Establishing a smooth and reliable transaction process elevates the process of managing vendors. Payment delays can hurt relationships and damage vendor trust, which may lead to service inconveniences. You can simply improve the transaction by:

Automating invoice approvals
Maintaining clear payment cycles
Quickly addressing disputes
Offering visibility into payment status

Establish an Exit Plan for Underperforming Vendors

In case the vendor fails to meet the standards and expectations, it is the prime responsibility to design a proper strategy for exit to protect your business continuity. A responsible exit plan includes

Notice periods
Final settlements
Documentation transfer
Inventory or asset recovery
Transition to alternative vendors

Final Thoughts

Strong vendor management is not just about reducing costs; it’s about building a dependable supply chain, reducing business risk, and enhancing overall performance. By applying these top 10 vendor management practices, businesses can create more stable partnerships, improve quality, and achieve consistent growth in 2025 and beyond.

Green Returns Summit 2025

Green Returns Summit 2025

November 24, 2025 adminEvents0

Date: 24^th Nov

Organizer: IVCA

About the Event: Mr. Rahul Garg, Founder & CEO of Moglix, spoke on “Circular Commerce: Tech Innovations for Effective Supply Chains, Green Packaging, and Delivery” at the IVCA Green Returns Summit 2025. Organized by the Indian Venture and Alternate Capital Association (IVCA).

Top 10 Solar Panel Companies in India (2025-2026): A complete and buyer-friendly guide

November 22, 2025 adminInfrastructure0

India’s solar market has exploded in the last few years, driven by huge utility projects, rooftop adoption, and a strong push for domestic manufacturing. If you’re looking to buy solar panels, rooftop panels, or evaluating suppliers for a large project, the market can feel noisy. As India moves ahead in terms of utilization of solar energy, givermenet has started promoting the installation of solar panels. Therefore, it becomes important for us to know the top 10 solar panels in India offered by various solar product manufacturers, which can be trusted in bulk procurement by industries and businesses.

Below, we have researched the leading and top solar companies in Indian, you’ll see again and again, explained how we picked them, and given short, practical profiles so you can compare quality, capabilities, and typical use-cases.

How were these companies selected as the best solar panel companies?

We used the following practical criteria that matter to buyers and project developers:

Manufacturing capacity & domestic presence (makes supply and warranties easier),
Track record on large utility/rooftop projects (EPC experience),
Product range & technology (monocrystalline, bifacial, glass–glass, high-watt modules),
Bankability & certifications (Tier-1 listing, IEC/UL, test reports),
After-sales, service & O&M footprint.

Check Out The List Of The Top 10 Best Solar Panel Manufacturers In India 2026

1. Adani Solar

One of India’s biggest integrated solar manufacturers and suppliers active across the utility and rooftop segments. Adani has moved aggressively into module manufacturing and large-scale deployments, and is a go-to for bulk procurement and utility-scale projects. (Good choice when you need large volumes and strong logistics.)

Best for: Utility-scale projects, large commercial procurement.
Why consider: Strong domestic manufacturing push and large balance sheet support, and falls in the category of the top 10 solar panel company in India seamlessly.

2. Tata Power Solar

A long-established Indian name in solar manufacturing and EPC. Tata Power Solar supplies modules, rooftop solutions, and has delivered large, bankable projects. Well-known for product quality and an extensive service network. Solid option for homeowners who want branded domestic support and for institutional buyers.

Best for: Rooftops for homes and enterprises, institutional projects.
Why consider: Strong brand trust, EPC + manufacturing capabilities.

3. Waaree Energies

Waaree is often cited among India’s largest module manufacturers (large domestic capacity) and supplies everything from modules to EPC services. Their scale makes them competitive on pricing and timely delivery for mid-to-large projects.

Best for: Mid-to-large rooftop and ground-mount projects.
Why consider: Large production capacity and pan-India distribution.

4. Vikram Solar

A major Indian module manufacturer with notable technological offerings (including high-watt bifacial and glass–glass modules) and growing international presence. Vikram is widely recognized in industry reports and has earned recent brand awards, a reliable choice for higher-efficiency modules.

Best for: Buyers needing high-efficiency panels and bifacial options.
Why consider: Technology focus, good certifications and EPC experience.

5. RenewSys (and RenewSys-linked brands)

RenewSys is a domestic manufacturer of PV components and modules (backed historically by strong industry partnerships). They’re often visible in rooftop and commercial product lists where Indian-made BOM (bill of materials) is required.

Best for: Buyers with a preference for Indian-component supply chains.
Why consider: Focus on module components and localized manufacturing.

6. Jakson Group (Jakson Solar)

Jakson has a full-stack presence: manufacturing, EPC, and operations. Known for delivering industrial and commercial rooftop solutions with robust service contracts. Often chosen by businesses and public sector projects that need an integrated EPC + O&M partner.

Best for: Industrial & commercial rooftop projects needing integrated support.
Why consider: Strong EPC/O&M capabilities plus manufacturing presence.

7. Goldi Solar

An Indian module brand is increasingly selected for rooftop and smaller ground-mount projects. Goldi focuses on reliable basic modules with good warranty terms, a practical, cost-conscious choice for residential and small commercial customers.

Best for: Residential and small commercial rooftops.
Why consider: Value-oriented modules and local service networks.

8. Loom Solar

Loom targets rooftop/homeowner and small business markets with plug-and-play modules and inverter + panel bundles. For urban homeowners who prefer off-the-shelf packages and straightforward warranties, Loom is a popular Indian brand.

Best for: Home rooftop installations, small entrepreneurs.
Why consider: Easy procurement and consumer-friendly product bundles.

9. Emmvee / Usha & Other established Indian players

Several smaller-but-respected Indian manufacturers (Emmvee, USHA Solar, and similar firms) supply niche segments, specialized rooftop modules, off-grid panel,s and BIPV or flexible technologies. They’re useful when you need specialized products or strong local service.

Best for: Niche installations, off-grid systems, BIPV.
Why consider: Specialized technologies and targeted product lines.

10. International majors with India presence (Jinko, Longi, Trina, etc.)

While not purely Indian, global Tier-1 manufacturers such as Jinko, Longi, and Trina have deep supply channels into India and are widely used in large PV projects and high-efficiency applications. They’re often chosen where module efficiency and global bankability are priorities. (If you need strictly domestic manufacturing for incentives, verify the manufacturing location first.)

Best for: Projects seeking the highest module efficiencies or global warranties.
Why consider: Global R&D, very high efficiencies, broad bankability.

Quick Buyer’s Checklist: What To Ask The Supplier?

Manufacturing origin & warranty scope: What’s the product & performance warranty (years)?
Test reports/certifications: IEC 61215/61730, PID test, IEC performance reports, salt/mist, ammonia tests if you’re coastal.
Actual module wattage & degradation: Ask for IEC-tested watt tolerance and first-year degradation figures.
Service network & spares availability: How quickly can they replace a defective module?
EPC & O&M: Do they offer installation and multi-year O&M? Who will handle claims?

Which company should you pick?

Homeowner (single-family rooftop): prioritize local support, warranty, and a reputable rooftop-focused brand (Tata Power Solar, Loom, Vikram).
Commercial/Industrial rooftop: choose a bankable manufacturer + reliable EPC partner (Tata Power Solar, Waaree, Jakson).
Utility-scale buyer: focus on manufacturing scale, delivery certainty, and bankability (Adani, Waaree, Vikram, global Tier-1s).
If you must use “Made in India” panels for incentives, confirm the module’s manufacturing plant location and BOM percent local content.

Closing notes

India’s solar ecosystem in 2025 includes strong domestic manufacturers (Adani, Tata Power Solar, Waaree, Vikram) alongside global Tier-1 suppliers. Your choice should balance project size, need for local manufacturing, warranty/service, and panel efficiency. If you tell me whether this is for a home, factory, or a large project, we can recommend 2 – 3 specific module models and sample procurement questions tailored to your use case. If you are looking for the best solar panel in India, then Moglix is the right platform to procure them from above given brands.

Short FAQ

1. Which is the No. 1 solar panel company in India?
Adani Solar is widely regarded as the No. 1 solar panel company in India based on large-scale manufacturing capacity and market share. Tata Power Solar is also a close competitor with strong reliability and brand trust.

2. Which are the top 5 power company in India?
India’s top 5 power companies generally include NTPC, Adani Power, Tata Power, NHPC, and Power Grid Corporation. These companies dominate in generation, transmission, and renewable energy capacity.

3. Which brand of solar is best?
Tata Power Solar, Adani Solar, Vikram Solar, and RenewSys are considered the best due to high efficiency, long warranties, and strong service networks. For rooftop users, Tata and Vikram Solar panels are especially popular for reliability.

4. Who is No. 1 in solar energy?
Adani Green Energy is considered India’s No. 1 solar energy producer with massive operational and pipeline solar capacity. NTPC Renewable Energy is also rising fast in utility-scale solar projects.

5. Which solar is better, ADANI or Tata?
Adani offers high-efficiency panels with cutting-edge manufacturing scale, while Tata Solar is preferred for long-term reliability and superior customer service. For homes, Tata is often recommended; for large-scale projects, Adani is strong.

6. Who is the highest-rated solar company?
Tata Power Solar frequently ranks as the highest rated due to consistent quality, performance stability, and strong after-sales support. Vikram Solar and Waaree also receive top ratings in residential and commercial segments.

Sameer Dealers’ Meet 2025

Sameer Dealers’ Meet 2025

November 20, 2025 adminEvents0

Date: 20^th Nov

Organizer: Moglix

About the Event: The Sameer Dealers’ Meet 2025 in Noida brought together dealer partners under the theme “Winning Together.” Led by Mr. S. K. Garg, the session focused on strengthening relationships, aligning business priorities, and recognizing key contributions.

Top 10 Steel Companies in India: Latest and Updated Ranking 2025-2026

November 20, 2025 adminInfrastructure, SteelLeave a comment0

India is now the second-largest steel producer in the world, and steel consumption continues to grow rapidly due to massive investments in infrastructure, manufacturing, real estate, and renewable energy. As we look ahead into 2025 and 2026, the Indian steel industry is stronger than ever, powered by high-capacity plants, global-grade R&D, and sustainable production practices. Before you plan to buy the steel in bulk, you need to gather information about the best steel manufacturers and brands in India.

This blog highlights the Top Steel Companies in India (2025–2026) based on:

Production capacity
Reputation and brand history
Technological capabilities
Quality of steel products
Market demand and customer trust
National & global presence
Sustainability initiatives

Strong DI pipe & steel product mix
Popular in water infrastructure projects
Excellent value offerings for contractors

Key Factors That Keep These Companies on Top (2025–2026)

High production capacity: These companies have some of the largest steel plants in India.
Strong distribution networks: They ensure supply even to remote regions and major infrastructure sites.
Reliable quality: Each brand has ISO certifications, R&D teams, and world-class QC processes.
Sustainability leadership: Most have adopted green steel initiatives, waste recycling, and reduced carbon footprint targets.
Long industry legacy: Decades of trust make them preferred suppliers for both private and government projects.

Final Thoughts: Choosing the Right Steel for Your Project

Each of these top 10 steel companies has strengths across different product segments, TMT bars, structural steel, coils, plates, wire rods, or hollow sections. Your ideal choice depends on:

Project type
Budget
Required strength & grades
Delivery timelines
Brand preference

If you are an infrastructure company, a constructor, or a procurement team looking to buy steel in bulk, manage multiple brands, or secure credit terms, platforms like Moglix Business help streamline sourcing, ensure authenticity, and manage end-to-end supply for steel used in construction and engineering projects.

Chemicals and Petrochemicals Expo (CPX) 2025

Chemicals and Petrochemicals Expo (CPX) 2025

November 14, 2025 adminEvents0

Date: 12th-14th Nov

Organizer: CII

About the Event: Ms. Jigyasa Kishore (she/her), Vice President, Moglix, recently spoke at the Chemicals and Petrochemicals Expo (CPX) 2025, organized by Confederation of Indian Industry, on “Becoming Future Ready with AI.”

Moglix CPO Leadership Evening: Exclusive Roundtable with 35+ CPOs & CFOs in Dubai

Moglix CPO Leadership Evening: Exclusive Roundtable with 35+ CPOs & CFOs in Dubai

November 12, 2025 adminEvents0

Date: 12^th Nov

Organizer: Moglix

About the Event: An exclusive CPO Leadership Meet in Dubai marked 5 years of Moglix in the UAE and 10 years globally. Our Founder & CEO, Mr. Rahul Garg, engaged with 35+ Chief Procurement and Supply Chain Leaders from across the GCC, sharing his vision for the next decade. The discussion, themed “The Next Decade of Procurement: From Cost Control to Value Creation,” highlighted the growing strategic role of procurement.

Scaling Efficiency: Lessons from Enterprises That Standardized MRO Procurement

How Standardizing MRO Procurement Drives Real Efficiency

Scaling Efficiency: Lessons from Enterprises That Standardized MRO Procurement

November 10, 2025 admine-procurement, MROLeave a comment0

Want to Stop Wasting Time (and Budget) on MRO? Standardization Might Be Your Best Move

If your MRO procurement still looks like a patchwork of different vendors, systems, and processes across locations, don’t worry, you’re not the only one.

For a lot of growing businesses, this kind of fragmentation just happens. One site orders from its preferred local vendor. Another sticks with what they’ve always used. A third facility? Probably has someone ordering critical spares off a spreadsheet they made five years ago.

But here’s what enterprise-level businesses are doing differently: they’re pulling all those scattered processes together and building one cohesive, standardized MRO procurement system. And the results? More control, faster turnaround, and less operational friction across the board.

Let’s get into how they’re doing it-and why it’s working.

First, Why Standardization Matters So Much for MRO

MRO isn’t always high on the priority list. It’s not as flashy as direct procurement or production lines. But when it’s not handled right, it creates real headaches:

Delayed maintenance jobs
Unplanned downtime
Overstocking or emergency buying
Ballooning vendor lists
Inconsistent pricing and terms

When every facility or team is sourcing differently, even simple purchases get complicated. Multiply that across dozens of locations or business units, and suddenly your “small” MRO spend turns into a margin killer.

What the Best-Run Companies Are Doing Differently

1. They’ve Centralized the Process-But Kept Local Flexibility

Top-performing enterprises don’t centralize just for the sake of it. They do it to simplify and scale, without slowing down frontline teams.

Here’s how that looks:

A central system manages sourcing, cataloging, and vendor relationships
Local teams order from an approved list of parts and suppliers
Exceptions are tracked-not punished-so real needs still get met
Finance, procurement, and ops finally speak the same language

Result: fewer errors, faster sourcing, and a whole lot less back-and-forth.

2. They Built a Unified SKU Catalog (And Stuck With It)

It sounds simple, but this is where the magic happens. Enterprises that standardize MRO build a master catalog with consistent part numbers, descriptions, and specs across locations.

No more guessing whether the “ball bearing 6004Z” in Plant A is the same as the one listed as “BB-6004Z-S1” in Plant B.

One catalog. One source of truth. Fewer mix-ups.

Plus, once you have consistency in SKUs, it’s easier to negotiate pricing, manage inventory, and run reports that actually mean something.

3. They Lean Into Data (Instead of Chasing It)

Before standardization, most teams couldn’t even see their MRO spend clearly. It’s buried in spreadsheets, siloed in local systems, or spread across dozens of vendors.

Enterprises that have cracked the code get serious about data:

Real-time visibility into spend by category, site, or cost center
Usage patterns that help forecast needs (and reduce overstocking)
Supplier performance metrics that drive better decisions

With the right tech, MRO stops being a reactive cost center-and starts becoming a strategic function.

4. They Reduced Their Vendor Count (But Didn’t Lock Themselves In)

One major win from standardizing? Trimming the vendor list.

The companies doing this right usually consolidate down to a few trusted partners per category, then set clear service expectations. They’re not locked in-they’re just strategic about who they work with and how.

And guess what? Fewer vendors means:

Better rates
Smoother communication
Cleaner invoicing
And way fewer headaches

Lessons from the Field: What Enterprise Teams Have Learned

Let’s break down some real-world takeaways from companies that have already been through the process.

Don’t Wait Until You Scale to Standardize

Most companies wait until things get chaotic before trying to bring order. But the earlier you set the foundation-like SKU standards, approved vendor-managed inventory, and centralized systems easier it is to grow without everything falling apart.

Standardization Doesn’t Mean Slowing Down

The fear is always: “Will this add red tape?” The answer: not if you do it right. The best systems actually speed things up by giving teams what they need, when they need it-just without the guesswork.

It’s a Culture Shift, Not Just a System Shift

Standardizing MRO isn’t just a procurement or IT initiative. It needs buy-in from maintenance teams, plant managers, and finance. Companies that get this right focus just as much on change management as they do on the tech itself.

What Results Are We Talking About?

Change Made	Time to See Results	Typical Impact
SKU Catalog Standardization	2-3 months	10-20% reduction in duplicates
Vendor Consolidation	4-6 months	8-15% savings on unit cost
Centralized Procurement System	3-5 months	20-30% fewer stockouts
Real-time Spend Visibility	1-2 quarters	Faster decision-making, better forecasts
Process Alignment Across Sites	6-9 months	Stronger compliance + efficiency

Thinking About Standardizing Your MRO Procurement?

Here’s where to start:

Audit your current vendor list: You’ll probably find 5 suppliers for the same product
Look for duplicate SKUs across sites: Clean data = smoother procurement
Talk to the people using the parts: Maintenance teams often know where the waste is
Pick one site or category as your pilot: Prove the concept before rolling it out

The goal isn’t to overhaul everything overnight. It’s to bring consistency and clarity-one piece at a time.

Final Thought: Standardization Isn’t Boring. It’s a Power Move.

When you look at the most efficient enterprises out there, one thing becomes obvious: they didn’t scale by doing more of the same. They scaled by doing the same things better.

And that’s what standardizing MRO procurement is really about.

It’s not just about reducing costs. It’s about creating a system that works-across sites, categories, and teams. One that saves time, cuts waste, and lets your people focus on what they’re great at.

You don’t have to chase a hundred moving parts to run a tight operation. You just need the right system-and the right partner like Moglix Business to help you build it.

84th Annual Session of the Indian Roads Congress

84th Annual Session of the Indian Roads Congress

November 10, 2025 adminEvents0

Date: 7th – 10^th Nov

Organizer: IRC

About the Event: In collaboration with DRG Industries, the Moglix booth brought together industry leaders, innovators, and experts for engaging conversations on the future of India’s evolving road network.

CII TG-PackCON 2025

CII TG-PackCON 2025

November 7, 2025 adminEvents0

Date: 6th –7^th Nov

Organizer: CII

About the Event: Mr. Sandeep Goel, Managing Director & COO, Moglix, shared his insights on “Efficiency, Competitiveness & the New Growth Equation,” exploring how technology, talent, and transformation are driving the nation’s next wave of industrial progress.

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