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...

Third-Party Risk

Third-Party Due Diligence – One Size Does Not Fit All

Every vendor relationship is not created equal, and your due diligence needs to take that into account... So when you perform due diligence on your ...

Third-Party Risk

Do You Really Know Your Third Parties?

72% of companies say they cannot produce a complete report of all of their third parties. That’s just crazy. Here’s why - and what you ...

Procurement Management

Understanding the Differences Between RFQs and RFPs

Determining what type of solicitation tool to use can be confusing. Do you use an RFQ or an RFP? What is the difference between the ...

Procurement Management

Create a Roadmap to Mature Your Vendor Management Program

Establishing a VMP is a difficult task to tackle, but can be simplified by thinking about the big picture and creating a maturity roadmap that ...

Third-Party Risk

Six important risks to manage with your vendors

Risk mitigation is a driving factor in every vendor management program. Be sure to incorporate these six areas of risk in yours.

Third-Party Risk

The government is worried about your vendors getting hacked, are you?

The Federal government has launched a public awareness campaign urging all types of U.S. businesses to better defend themselves against online attackers

Vendor Lifecycle Management

Vendor Management Best Practice #1: Adopt a Lifecycle Approach

In our latest webinar, Vendor Centric Founder and CEO Tom Rogers, VendorRisk Founder and Partner Gavin Mac Carthy, and Cohnreznick ...

Vendor Lifecycle Management

SOC Reports & Vendor Management: Easy as 1, 2, 3

A SOC report is one of the most useful vendor management tools there is, and the best part is, you don’t have to make it ...

Third-Party Risk

How and Why to Track Incidents with Your Vendors

Left untouched, vendor incidents can be detrimental to your business. Managed properly, they can actually benefit you in the long run.