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

Vendor Lifecycle 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...

what is vendor management

Vendor Lifecycle 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...

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.

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.

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.

Third-Party Risk

Third-Party Concentration Risk: What is it and why should you care?

Vendor concentration risk can cause serious impacts to your operations. Learn how to properly identify it and how it can be managed.

Vendor Lifecycle Management

A Case for Managing Your Vendors Like Your Employees

An organization’s employees and their vendors are two critical teams that contribute to the success of the company. But are they managed the same way?

Vendor Lifecycle Management

Which Department Should Own the Vendor Management Function?

Vendor Management Offices come in all shapes and sizes. Learn why a one-size-fits-all approach does not work when determining where a VMO should live.

Contract Management

What’s Your Contract Negotiating Style?

Employing the right negotiating style is important to the long-term success of a contract. Do you fit into one of these two primary negotiating styles?

Risk management

Third-Party Risk

What is Third-Party Risk Management?

Concerned about risks with your third parties? Here’s why third-party risk management is growing in adoption with companies across all industries.

Third-Party Risk

State Laws Are Driving a Focus on Third-Party Management

Check out how some of these new state laws will require you to up your game when it comes to managing third parties.