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
- All
- Contract Management
- Procurement Management
- Technologies & Tools
- Third-Party Risk
- Vendor Lifecycle Management
Technologies & Tools
Navigating Top Trends in Vendor Management Software in 2024
In the ever-evolving landscape of vendor management, technological advancements have ushered in a variety of software solutions, providing organizations with ...
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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 ...
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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, ...
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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 ...
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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 ...
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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 ...
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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.
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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. ...
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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. ...
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