Management must work to build processes and procedures to ensure that the organization can fully implement a vendor management process that can adequately address privacy and security risk. The first ...

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 ...

Businesses often rely on a network of vendors to support their operations, yet many don’t realize this reliance comes with significant cybersecurity risks. Because of this, strengthening vendor risk ...

Combining information technology savvy with legal and procurement expertise in a vendor management office can yield both better deals from vendors and strong relationships with them. Keeping track of ...

Increase buying power, identifying cost-savings and influencing the strategic vendor performance all sound like practical outcomes of establishing a vendor-management office (VMO). Then why is it that ...

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 ...