It’s fair to say that most businesses can only operate and fulfill their value proposition by relying on a wide range of vendors. As you would expect, some of those vendors will be more critical to the company...
There is never a better time to perform contract reviews than the beginning of the year. Budget planning is complete, and your team should be refreshed and returned from spending time recharging thei...
What is a cost reduction strategy? Cost reduction is a process used by many companies reduce overhead and expenses and increase their bottom line. The strategies can vary depending on the complexity of a com...
To answer this question, we need to understand the value that each of these services provides. VMS is an acronym for Vendor Management Solutions. A true fully managed VMS solution is one whe...
The Bill Audit is a point in time review of your past bills that will help you uncover savings from your indirect expenses. It is the process of taking a comprehensive look at the current state of an organizati...
Contracts are a critical piece of the puzzle when managing vendor relationships. They govern the relationships between a business and its vendors, its sub-contractors, its staff and its internal auditors. Th...