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
NYDFS Recommends 4 New Practices for Reducing Supply Chain Risk
NYDFS outlines 4 recommended practices for reducing supply chain risk as a result of the SolarWinds attack
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Procurement Management
Managing The Role Of Procurement As You Climb The Maturity Ladder
When introducing the Pillars of Procurement (Role of Procurement, People & Organization, Processes, Tools & Technology, and Metrics & Reporting), I make sure to explain ...
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Technologies & Tools
How to Effectively Select (and Implement) a Vendor Management System
Before you start configuring your new vendor management system, take a breath and follow these best practices to ensure you select (and implement) your new ...
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Third-Party Risk
NOW IS THE TIME! To have a Vendor Risk Management Program
The recent ransomware attack of the Colonial Pipeline has dramatically emphasized the need for Cyber Risk Evaluations and Management. While ...
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Vendor Lifecycle Management
Take a Phased Approach to Kick Start a New Vendor Management Program
Launching a structured vendor management program doesn’t happen overnight. And it can be easy to get overwhelmed with the process When we help a client ...
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Third-Party Risk
5 Fundamentals for Third-Party Management Oversight
How does an effective third-Party management oversight function look like? Since complexity can vary based on an organization’s industry and size, I recommend that – ...
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Procurement Management
How Important Is Procurement To Your Organization?
What value does Procurement bring to the table? I don’t mean the need to buy goods and services, or the collection of policies and SOPs ...
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Third-Party Risk
Why Worry About Disaster Recovery Plans?
Vendors should be trained and drilled on the ways and means by which business can and must continue when faced with unexpected natural, economic and ...
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Third-Party Risk
4 Tips for Managing Fourth Party Risk
Managing your own vendors can be a tough job in and of itself. So why bother assessing the risk of your vendor’s vendors? Here are ...
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