Vendor management is the process of continually assessing the risks a third-party vendor and its subcontractors pose to your institution. It relies on policies, procedures, and tools to monitor and mitigate tho...
Taking a risk-based approach to vendor management is growing quickly in importance as businesses work with a broader base of vendors. Business expansion and increasing regulatory scrutiny of vendor relationship...
Spend Under Contract is exactly that…it is the amount spent by an organization that is covered under a contract with a vendor. They are expenses that are actively reviewed and managed internally by a Vendor M...
If you are a cost minded and profit responsible business owner, Managing Member or C-Level executive, ask yourself this question…Why wouldn’t I jump at the opportunity to have a contingency based, no risk audit...
To know how to save money, you need to know where it is spent. The reality for most vendor management teams is that spend analytics and contract information is often incomplete. Managing critical documents and ...
To truly optimize your vendor contracts, you need to look at your contract management process from 2 important points of view: Contract Procurement and Contract Optimization. Contract procurement begins with p...