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
5 Tips for Creating a Great Request for Proposal (RFP)
Writing a Request for Proposal for complex projects isn’t easy, but the benefits they provide are worth the effort. Here are 5 tips for creating ...
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Third-Party Risk
When Does It Make Sense to Outsource Your Vendor Management Program?
This blog highlights the important considerations every company needs to determine when it makes sense to outsource their Vendor Management Program.
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Procurement Management
Procurement Risks (and How to Manage Them)
Risks exist from the moment a business need is identified. Here are few procurement risks, as well as tips on how to manage them.
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Contract Management
New Era, New Contract Negotiation Strategy?
Things may or may not be back to whatever we once considered to be normal new contract negotiation. Here is what you need to do ...
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Procurement Management
How Procurement Teams Can Help Their Organizations Get the Best Deal
Over the last couple weeks, I’ve explored ways that Procurement teams can more effectively help their organization’s weather the storm ...
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Technologies & Tools
4 Vendor Risk Management Activities You Need to Automate.
In this article we’ll explore the top 4 vendor management activities that you should automate, there are certainly many, many other ways in which automation ...
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Third-Party Risk
5 Best Practices for Successful Vendor Risk Assessments
Risks are constantly evolving, and your process for assessing vendors needs to as well. Here are five best practices for performing successful vendor assessments.
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Vendor Lifecycle Management
Get Your Vendor Risk Management Program to Work in Day-to-Day Life!
An effective Vendor Risk Management Program goes beyond basic procurement functions to deliver strategic value by optimizing vendor relationships and accountability.
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