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
Procurement Management
Improve Efficiency and Competitiveness with Supplier Rationalization
Rationalizing your supply base can be a daunting task, but it can also bring significant benefits to your organization. By ...
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Technologies & Tools
Vendor Management Strategies in a Downturn: Tips and Best Practices
Vendor management is an important aspect of running any business, and it becomes even more crucial during times of economic ...
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Contract Management
4 Tips for Creating a Reliable Inventory of Your Vendors
More and more organizations are taking a serious approach to third-party management, creating and maintaining an accurate inventory of your ...
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Contract Management
Improve Vendor Performance by Implementing a Vendor Scorecard
Use these five criteria to create a vendor scorecard that will help you improve vendor performance and strengthen your vendor management program.
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Vendor Lifecycle Management
14 Vendor Management Terms You Need to Know
Vendor management is evolving – and so is its terminology. Here is a breakdown of 14 vendor management terms everyone needs to know.
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Third-Party Risk
Do You Know Your Critical Vendors?
Critical vendors are not the same as high-risk vendors. Here’s a breakdown on the difference, and a best practice on identifying your critical vendors.
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Vendor Lifecycle Management
These 3 Words Are the Key to Effective Vendor Management
That's why these three words need to be baked into the core of your vendor management program: Risk-Based Approach
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Vendor Lifecycle Management
The Evolution of Vendor Risk Management: From 2008 to Now
Vendor risk management is a hot topic - but it wasn't always that way. Check this article to learn about the regulation that really started ...
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Third-Party Risk
Why Your Vendors are Key to Your Success in 2022
Focus on these six benefits to maximize the value, and minimize the vendor risk, of your vendor relationships in 2022.
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