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.
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.
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.
- All
- Contract Management
- Procurement Management
- Technologies & Tools
- Third-Party Risk
- Vendor Lifecycle Management
Third-Party Risk
Using RACI Charts to Strengthen Third-Party Management
The size and scope of third-party management programs are different from one company to the next. And when it comes ...
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Third-Party Risk
4 Third-Party Management Reports You Should Provide to Senior Management
A third-party management program (TPMP) is a valuable business function within any organization. As your TPMP grows and matures, you’ll ...
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Procurement Management
6 Sustainable Procurement Best Practices You Need To Know
This blog comes to us from Megan Ray Nichols of Schooled by Science. When it comes to improving sustainability and ...
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Third-Party Risk
The Importance of Third-Party Risk Management When You Buy or Sell a Business
I recently participated in an Exit Readiness podcast that two of my colleague’s host. You can find the podcast here ...
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Contract Management
Questions to Ask When Preparing a SOW
The Statement of Work (or SOW) is one of the most important documents you will develop during your relationship with ...
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Procurement Management
Use Your RFP Process to Reduce Third-Party Risk
A good RFP helps you flush out potential vendor risks early in the evaluation process. Here’s how you can make your RFP an effective risk ...
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Vendor Lifecycle Management
Rethinking Vendors Has Always Been in Style at Zappos
Zappos leverages the power of great vendor relationships to create phenomenal results. Check out their approach to ‘rethinking vendors’
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Procurement Management
Understanding Critical Procurement KPIs
First, we need to differentiate metrics and KPIs. While they’re often used interchangeably, these two terms are distinct in how they should be used.
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Third-Party Risk
Will Your Third-Party Management Program Hold up Under Scrutiny?
Under new DOJ guidance on corporate compliance programs, companies are expected to step-up third-party management. Here’s a breakdown of what they want.
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