Category : vendor risk management

  • 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
  • It happens all of the time. Clients that audit their own billing and manage their own contracts spend wasted hours trying to sort out the fees and promo plans service providers offer. In the end (months later) they realize how much time and energy they spent trying to sort out the very complicated terms, renewals and plans that should have been crystal clear from the beginning. No customer should have to feel they are “in charge” or have to be “on the watch” for changes in their contracts and agreements especially those “1 year promos”. Shouldn’t the service provider INFORM their customer more clearly of any changes going into effect, clearly state them and offer cost saving OPTIONS? Well that is NEVER going to happen!

    26 Jul
    26 Jul
  • Management is asking for DOCS – ASAP!!! Important Agreement signed…

    31 May
    31 May
  • WHERE DO YOU SET THE MARK?

    A company today cannot succeed if they are not always thinking and CHALLENGING the question “HOW CAN I MAKE THINGS BETTER”.

    How does MY COMPANY compare to similar companies. AM I doing EVERYTHING I can to ensure my vendors are PERFORMING at the LEVELS established in our initial contracts?

    Are you PERFORMANCE BENCHMARKING?
    Are you consistently checking in with Vendors to ensure quality performance from the established guidelines? OR is this your scenario … They been a vendor for so many years you just assume they are giving you the best rate, the best service, the most efficient process, the most competitive pricing and anything else they SHOULD be providing you to BEST serve your buyers, patients, customers. YOUR REPUTATION is ALWAYS at STAKE with Vendors!

    29 May
    29 May
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