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, ...

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 ...

Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease ...

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.

BPO buyer organizations talk the talk when it comes to governance and include it in their contracts, but many are not walking the walk. Thorough BPO vendor management is inconsistent at best, and this ...

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 ...

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 ...

When it comes to building a security program, one of the most frequently overlooked areas is that of vendor management. Organisations may focus significant resources on internal security, such as ...