Why is Typical Vendor Spend Data not Useful? Typical spend data is not useful to provide business insight and drive informed decision making. In many large global operations, spend data originates from differe...
4 Significant Reasons Why Your Business Should Focus on Vendor Management Having vendors or third-party service providers is a necessary part of your business in order to operate and provide the services and/or...
Why are Benchmarks Important? Benchmarking is a common business practice and sensible exercise to establish baselines, define best practices, identify improvement opportunities (contract rates and terms) and c...
Term Modifications. Not only are most service agreements written where they can be changed and modified at any time, but notification of the changes is your responsibility to keep track of. Who is responsible i...
How can procurement and vendor management become more aligned with, and demonstrate its impact on, the main measures of business success? What impact does procurement make on a company’s sustainable shareholder...
The Benefits of Vendor Risk Management Vendor Risk Management (VRM) is the process of ensuring that the use of service providers and vendors including IT suppliers do not create an unacceptable potential for bu...