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...
Vendor Management organizations are being asked to do more than ever before, including oversee new services, deal with troublesome suppliers/vendors and meet ever-increasing performance goals—all of this with l...
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Vendor Management and Finance teams in nearly every industry are wrestling with many challenges because of the COVID-19 pandemic. They face health and safety concerns, significant threats to cash and liquidity,...
In a traditional business structure, Vendor Management and Finance are two separate departments, working alongside one another within the organization. While this works, it isn’t the most efficient and effectiv...
A surprising number of vendor management organizations do not actively manage the vendor lifecycle. When creating vendor management policies, the clear majority of organizations’ issues arise because of poor ve...