Question

What is the significance of Vander waals parameters ?​

Answer 1

Answer:

The van der Waals constant 'a' represents the magnitude of intermolecular forces of attraction and the Van der Waals constant 'b' represents the effective size of the molecules.

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Answer 2

Answer:

Vendor management is the process that empowers an organization to take appropriate measures for controlling cost, reducing potential risks related to vendors, ensuring excellent service deliverability and deriving value from vendors in the long-run.This includes researching about the best suitable vendors, sourcing and obtaining pricing information, gauging the quality of work, managing relationships in case of multiple vendors, evaluating performance by setting organizational standards, and ensuring that the payments are always made on time.

So, that’s where the vendor management system or VMS comes in place.

A vendor management system is an online web-based tool that acts as a single node to manage all vendor related activities in any organization or business while ensuring improved efficiency and long-term growth in a cost-effective manner.