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

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...
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what is vendor 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...
Read More
  • All
  • Contract Management
  • Procurement Management
  • Technologies & Tools
  • Third-Party Risk
  • Vendor Lifecycle Management
All
  • All
  • Contract Management
  • Procurement Management
  • Technologies & Tools
  • Third-Party Risk
  • Vendor Lifecycle Management
Vendor Management Processes
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. ...
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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 ...
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Vendor Management System
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 ...
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vendor management software
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. ...
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vendor management software
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, ...
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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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Inventory of your vendors
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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Vendor scorecard
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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