Vendor Risk Management
Vendor risk management (VRM) is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance.
Inventory control or stock control can be broadly defined as “the activity of checking a shop’s stock”. More specifically inventory control may refer to: In operations management, logistics and supply chain management, the technological system and the programmed software necessary for managing inventory.
Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or product, the strategies can vary. Every decision in the product development process affects cost.