Vendor risk management (VRM), or third-party risk management, is the management, monitoring, and evaluation of risks that result from third-party vendors and suppliers of products and services. It’s a ...

As the entire industry is facing the shift to a more formalized reporting system for environmental, social, and governance (ESG) programs, the most important components of the programs can no longer ...

Risk and compliance review requires more than just checking off boxes. It involves understanding what the fine print reveals ...

Historically, vendor management teams built strong skill sets in acquiring services at low/competitive unit-cost prices and measuring vendor performance. But the world changed, and there is a growing ...

In this day and age, any healthcare provider organization could be the next victim of a cybersecurity breach. Unfortunately, countless organizations have experienced data breaches by a third party, ...

It’s easy to blame the contract or the vendor for the ills of project failure. When things go sideways, the client may be tempted to think the vendor failed or they may have chosen the wrong provider ...

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 ...

Can you truthfully answer the question, “Is vendor management truly important to you and your organization?" This came up as I was speaking to a friend of mine a few weeks ago who is a senior ...

A lawyer has an obligation to "not reveal information relating to representation of a client" except under certain limited circumstances. RPC 1.6. In Opinion 701, the Supreme Court of New Jersey's ...

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Vendor relationship management is critical ...

Vendor Management Excellence Award – Awarded to the PaymentWorks customer organization that has shown a thorough respect for the importance of vendor management by providing the tools, the process, ...

A supplier modification may be categorized as a change to the supplier name or Tax ID, supplier address, the addition of another address, or the reactivation of an address. Each supplier modification ...