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Strap in as we explore the top trends in vendor management. In case you’re new here, let’s get you up to speed: Vendor management is not a static function. It’s a dynamic, always changing, and increasingly strategic function that is critical to the operational efficiency of an organization.
Digital procurement almost sounds like an oxymoron to some people. Sure, there are the manual processes that we all know and love (to hate).
Imagine silos. You know, those tall structures on farms or the secret vaults for nuclear weapons. They serve their purposes well in those contexts. But when it comes to your vendor desk, they are detrimental.
Today’s podcast episode on vendor management challenges is juicy. So juicy that our guest is anonymous. Just close your eyes and imagine that she works for you.
We first published on this topic back in November 2021. We’re updating it now, in December 2023, because vendor risk mitigation never goes out of style. To help, we’ve summarized the biggest takeaways on managing risk.
We first published on this topic back in October 2021. We’re updating it because many organizations are still struggling to automate vendor risk management in January 2024.
Welcome to Episode 8 of Risky Business with PaymentWorks!
This blog was originally published in 2021 but was updated in November 2023 for accuracy and comprehensiveness – and to re-emphasize the importance of having the right vendor management strategy.
<p>We initially published this blog in 2021. We updated the piece in March 2024 because vendor identification is a critical component of vendor onboarding – one that deserves more attention.
This blog was initially published in 2021 but was updated in March 2024 for accuracy and comprehensiveness – and to highlight how third-party risk assessment and management have only increased in importance over the last several years.
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