Category : vendor risk management

  • IT costs are often seen as a small percentage of business expense, generally sitting under 5% of overall business expenses. Many leaders in the past have focused on larger areas, avoiding taking a deep dive into IT cost because there are often complexities (multiple locations, deep-dive auditing of bills, managing a renegotiating contracts)  for a small return in cost savings.

    04 Oct
    04 Oct
  • A strong external IT resource will still need a focused system in place to manage their day-to-day impact on your business. However, one major problem in the IT industry is that company’s internal IT teams don’t have the time and, in most cases, the resources to manage their IT, Telecom, and VOIP systems at a micro-level. They are too busy managing the system-wide issues that arise daily and impact employees’ productivity on a ground level.

    25 Sep
    25 Sep
  • Vendor management is the functioning center to most businesses and we really can’t live without it.

    28 Jan
    28 Jan
  • Why You Should Outsource Vendor Management Specialists to Avoid Costly…

    24 Oct
    24 Oct
  • Improper vendor management leads to duplication of accountabilities and capability gaps and overlaps, which can result in increased costs and missed business opportunities.

    Organizations should clearly define sourcing, procurement and vendor management (SP&VM) roles as well as shared objectives. In doing so they unlock efficiencies and maximize the contribution of their organizations vendors.

    24 Oct
    24 Oct
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