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
Leveraging Strategic Supplier Relationships
Most organizations deal with a large number of suppliers on a daily basis. Here is what you need to know about strategic supplier relationships.
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Vendor Lifecycle Management
4 Assessments to Strengthen Your Vendor Management Program
Use this 4 Assessments to Strengthen Your Vendor Management Program.
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Procurement Management
6 Responsibilities of the Procurement Project Manager
Project management is a critical part of the procurement function. Here are six important responsibilities the Project Manager undertakes to ensure success.
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Procurement Management
The Key to a Successful Vendor Management Process
Align your vendor management process with the vendor management lifecycle to ensure you manage vendors with ease.
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Procurement Management
Procurement Metrics That Matter
The right procurement metrics can be an important asset in developing a business case and telling the story of Procurement. Let’s take a look at ...
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Contract Management
Risks Associated with Contract Lifecycle Management
Here is an overview of Key Contract Lifecycle Management Risks
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Vendor Lifecycle Management
Should Vendor Management Fall Under Compliance on the Org Chart?
One of the questions I get asked often is “Where does vendor management sit on the organizational chart?” And the response I always give is, ...
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Third-Party Risk
Do credit unions need to manage third party risk?
I’m a credit union, do I really need to be concerned with OCC standards on third party risk management, or FDIC? The simple answer is, ...
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Third-Party Risk
What Level of Cybersecurity Due Diligence Should You Perform on Third-Party Vendors?
Fundamentally, cybersecurity due diligence should be considered in all of your vendor relationships. However, one size does not fit all. Here’s what you need to ...
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