How you bring vendors in sets the tone for everything that follows.
Why does a good vendor management strategy need to be a priority? For starters, vendors are an extension of your business. They’re essential to everything from delivering products and services…
Navigating today’s vendor ecosystem can feel like stepping into a high-stakes chess game with a sneaky opponent. The fraudsters? They’re not just trying to play the game; they aim to…
We’ve all heard the saying, “What you allow is what will continue.” But when it comes to company culture, letting things slide can cost you way more than you think—financially,…
Picture this: You’re bringing a new supplier into your system. What should be a simple task turns into a back-and-forth loop of emails, missing documents, manual data entry, and inevitable…
A business is its own living, breathing thing that has its own identity attributes. Specifically, there are legal attributes: Are you an LLC? Inc? There are compliance attributes: Are you…
Supplier identification can be a touchy subject for vendor managers. Considering the manual labor involved in the process, we don’t blame them. Understanding who you’re doing business with is a…
Vacation should be a time to relax and recharge, but for many professionals, especially those involved in vendor management, taking time off can be a big source of stress. The…
Once upon a time, in the not-so-distant past, the vendor administrator was tucked away behind mountains of paperwork, deep within the labyrinth of administrative duties. I know you can picture…
Vendor management job responsibilities are changing in a big way. Then again, so is the world of vendor management.
This year, the PaymentWorks team had the privilege of attending the Gartner NA Supply Chain Symposium/Xpo. This cornerstone event brings together the sharpest minds in procurement supply chain management. The…
