Vendor management is the process of controlling costs, driving service excellence and mitigating risks to gain increased value from vendors throughout the deal life cycle. This strategy is crucial in ...

In an effort to heighten efficiency and cost effectiveness, many financial institutions choose to outsource certain services to third party vendors. While these providers often play a beneficial role, ...

Managing external partners has become a critical part of doing business today. As companies expand and rely more on outsourcing, the risks tied to outside vendors grow larger. Businesses can face ...

Every contract for outsourced services has risks that need to be managed to protect your organization. From construction projects and cleaning contracts to cloud services, most organizations rely on ...

Protecting against these risks requires maintaining and implementing a third-party vendor management policy, a critical and often overlooked part of an organization’s information security program.

FNI Inc. president David Bafumo noticed the vendor management portion of the latest consent order from the Consumer Financial Protection Bureau closely tracks and elaborates on the bureau’s original ...

The pharmaceutical industry relies heavily on effective vendor management to ensure product quality, regulatory compliance and timely delivery. However, managing numerous vendors across global supply ...

In the pharmaceutical industry, a vendor refers to an external entity or supplier that provides goods, materials, services, or specialized expertise to pharmaceutical companies. These vendors play a ...

Recently, I was working with a client to develop replenishment parameters for a new software package they were installing. One of the key components to building these parameters is vendor lead time; ...