Vendor Centric Blog

Our blog provides practical advice for optimizing relationships with vendors and other third parties. Learn about best practices in procurement, contract management, third-party risk and much more.

what is vendor management

What is Vendor Management?

If you’re finding it difficult to find a clear and succinct definition of vendor management, you’re not alone. With so much written about vendor management technology, there hasn’t been enough focus on the discipline itself. This blog provides a succinct, modern definition of vendor management, along with an overview of the practices and infrastructure necessary to support a well-run vendor management function.
Read More
what is vendor management

What is Vendor Management?

If you’re finding it difficult to find a clear and succinct definition of vendor management, you’re not alone. With so much written about vendor management technology, there hasn’t been enough focus on the discipline itself. This blog provides a succinct, modern definition of vendor management, along with an overview of the practices and infrastructure necessary to support a well-run vendor management function.
Read More
  • All
  • Contract Management
  • Procurement Management
  • Technologies & Tools
  • Third-Party Risk
  • Vendor Lifecycle Management
Vendor Lifecycle Management

Four Ways to Unlock Value from Your Vendor Management Operations

More than ever before, organizations are adopting holistic, process-driven vendor management. They are evolving vendor management from a mere compliance ...
Read More
Vendor Lifecycle Management

2024’s Essential Vendor Management Trends

Vendor management continues to evolve at an unprecedented pace.  Customers, boards, auditors, and regulators are demanding more robust policies, procedures, ...
Read More
Third-Party Risk

Who’s Considered a Third Party in Third-Party Risk Management?

As a third-party risk practitioner and consultant, I’ve worked with hundreds of stakeholders across multiple industries. One of the fundamental ...
Read More
Procurement Management

When Does It Make Sense to Use a Purchase Order?

In the dynamic world of procurement and vendor management, purchase orders (PO) are critical in achieving efficiency, cost control, and ...
Read More
Procurement Management

Procurement Policies & Procedures Made Easy: A Comprehensive Guide for Development & Implementation

To thrive in any economy, strong vendor relationships are paramount to success. That’s why understanding and implementing effective procurement policies ...
Read More
Third-Party Risk

4 Red Flags To Look For When Reviewing Third-Party Financial Statements

A vendor’s financial statements are the most objective way to assess its overall health. Here are four red flags you should always be looking for.
Read More
procure to pay process
Technologies & Tools

What is the Procure-to-Pay Process?

Procure-to-pay (P2P) is a business process that encompasses all activities involved in obtaining goods or services from a third-party supplier.   ...
Read More
Vendor management policies
Vendor Lifecycle Management

8 Strategies to Get Employees to Follow Your Vendor Management Policies

Vendor management policies are essential for establishing the overarching rules, guidelines and expectations for managing third-party vendors across your organization. ...
Read More
Vendor Management Processes
Vendor Lifecycle Management

15 Ways to Improve Your Vendor Management Processes

Maintaining up-to-date, efficient and compliant vendor management processes isn’t easy – especially in organizations experiencing rapid growth or significant change. ...
Read More