POSTS TAGGED : vendors

How to Protect Your Business with Vendor Risk Management

The vendor risk landscape has evolved rapidly over the last few decades, with third-party relationship risk management becoming more and more difficult to manage as technology advances and the supply chain evolves into more of a supply web encircling the globe. A failure in one area of the web could mean failures all over the web, as happened when, in 2011, a tsunami devastated Japan and seriously rattled the global supply chain.

Management meeting discussing vendor risk management

Now more than ever, it’s vital that you keep tabs on the risk levels of each of your third-party vendors. Without prudent vendor risk management, your company could find itself the victim of a vendor-related security breach, or liable for the criminal conduct of a vendor overseas.…

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More Than a Vendor: How to Turn your Vendors into Partners

For many small businesses, vendors serve a defined purpose: They provide a product or service. Once that is done, the business pays the bill and moves on, until the next time they need the product or service.

Business partnerships with vendors

In some situations, this model works. However, many businesses have found their vendors are an important part of their success, and are instrumental in their company reaching its goals. Those companies that have developed strategic partnerships with their vendors are often in a better position to achieve their objectives and to maximize their results than those who take a more transactional approach to working with vendors.…

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