For many businesses, relying on external vendors is essential, and ensuring these third-party partners adhere to your company’s standards and regulations is crucial. Here’s a five-step guide to ensuring vendor compliance: Conduct Thorough Vendor...
Vendor compliance is a cornerstone of a well-managed business, and keeping a close eye on your vendors to ensure compliance at all times is crucial to limiting your organization’s risk. What is Vendor Compliance? Vendor compliance is the process of ensuring your...
What is Compliance? Within business, compliance is defined as the confirmation that a provider of a service, or a manufacturer or supplier of goods, adheres to all the requirements, regulations, legislation, and specific standards and policies of a contract or a...
Vendor management is very complex and with the increasingly important role of stable supply chains, this complexity will only increase. Technology-based systems and process re-engineering can improve efficiency and reduce some of the pain of complexity. However, with...
More and more companies are tracking their diverse vendor population and reporting on purchase percentages and total spend with these diverse vendors. Many companies have redoubled their efforts or started new initiatives to ensure their organizations have diversity...
