Businesses must stay on top of their supply chain to maximize their time and expenses and turn them into profits. For many businesses, an...
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Supplier Risk Management
How to Identify and Manage Key Vendors and Suppliers
Most organizations today deal with a very large number of vendors and suppliers. Effectively managing and monitoring all of them is an extremely difficult and sometimes even...
The Importance of Vendor Compliance Management
Your business relies on goods and services purchased from vendors. Vendors can be any entity that your business purchases a good/service from. This means the folks who sell...
Nine Steps to Vendor Contract Management
Vendor contract management is an integral part of any solid vendor management program. Vendor contracts require specific handling, and are complex documents that do more...
Onboard New Suppliers Faster and with Less Risk with These Five Supplier Onboarding Tips
Without vendors and suppliers, most businesses wouldn’t be able to function from day to day. Whether suppliers are responsible for raw materials needed to produce finished...
Conduct a Successful Vendor Risk Assessment in 9 Steps
Assessing the risk of a potential vendor requires time and due diligence. A risk assessment is not a place where your organization should be cutting corners and doing...
