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 ...

Vendor management and performance are critical in streamlining operational efficiency in the business world. This singular factor could mean the difference between drastically reducing risk and ...

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 ...

The failure to track and manage supplier performance can cause many business issues, especially for companies with large amounts of raw materials and SKU complexity in a global supply chain network.

It makes no difference what business you are in, suppliers and vendors play a key role in your company’s success. Having a formalized system in place to track and evaluate supplier and vendor ...

Commentary - As 60-70% of an enterprise’s IT budget is spent on hardware, software, and external vendor services, maximizing the value derived from IT vendors is key to delivering efficient IT ...

Vendors can be broadly categorized based on the nature of their offerings and their relationship to the buying organization: Manufacturers: They are entities that create and sell products they produce ...

Firms have never had more choice when it comes to buying software and services. So broad is the spread of services available via major cloud platforms that businesses increasingly find themselves ...

Company performance is only as effective as the smooth-running of suppliers operations. No matter how advanced your own production capabilities are, if a supplier misses a delivery or produces ...