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.
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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.
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  • Contract Management
  • Procurement Management
  • Technologies & Tools
  • Third-Party Risk
  • Vendor Lifecycle Management
Procurement Management

The Benefits of Supplier Diversity in Procurement

Now more than ever before it is a smart move to balance your third-party/supplier portfolio with a healthy mix of these diverse businesses.
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Procurement Management

The Do’s and Don’ts of Presenting Procurement’s Data

Want to make an impact and foster a new sense of collaboration? Check out these best (and worst) practices for reporting on Procurement’s efforts.
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Technologies & Tools

Which Type of Vendor Management Software Is Right for You?

Let's take a look at the most common types of systems and find out which would be the best fit for you.
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procurement
Contract Management

6 Best Practices for Using Nondisclosure Agreements During the Procurement Process

Are you protecting your organization’s nonpublic information during the procurement process? These NDA best practices will point you in the right direction
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Procurement Management

How to Perform a Procurement Excellence Assessment

Learn how to review your procurement system and get a modern, scalable set of policies, processes and systems for your procurement operations.
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Third-Party Risk

Getting Ready for NYDFS Phase 4 Compliance Certification

Phase 4 of the NYDFS cyber regulation went into effect in March 2019. These guidelines ensure your third-party management program complies with this final phase.
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Procurement Management

How To Select A Procurement Services Provider

If you’re unfamiliar with PSPs, or scarred by memories of bad engagements, you’ll want to make sure you assess your options effectively.
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Third-Party Risk

What Does Uniform Guidance Say About Third-Party Risk?

Risk management has become a major focus throughout the federal government. Here’s why managing risk with third parties is so important.
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Third-Party Risk

A Few Practical Tips for Third-Party Oversight Change Management

Here are a few simple yet practical tips to consider when embarking on change related to working with your vendors and third parties.
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