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
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.
Read More
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. ...
Read More
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. ...
Read More
Vendor Lifecycle Management
15 Ways to Improve Your Vendor Management Processes
Maintaining up-to-date, efficient and compliant vendor management processes isn’t easy – especially in organizations experiencing rapid growth or significant change. ...
Read More
Contract Management
Top Features to Look for in Contract Lifecycle Management Software
The use of Contract Lifecycle Management (CLM) has become increasingly popular among organizations of all sizes, as it supports consistent, ...
Read More
Procurement Management
From Ethics to Compliance: How a Supplier Code of Conduct Benefits Your Organization
A Supplier Code of Conduct (SCC) is a powerful tool your organization can use to maintain productive, ethical, and compliant ...
Read More
Technologies & Tools
Top Features to Look for in a Vendor Risk Management System
Today’s best vendor risk management systems offer a growing list of features and functionality that help you manage risk with ...
Read More
Technologies & Tools
How to Choose the Best Vendor Management Software for Your Organization
If you’re looking for the best vendor management software for your organization, you have a challenge in front of you. ...
Read More
Technologies & Tools
Is Your Organization Really Ready for Vendor Management Software?
Vendor management software is a critical part of your vendor management infrastructure. Good vendor management software automates tasks, streamlines workflow, ...
Read More