Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. This data influx is reflected in the contingent workforce management arena, where managers, ...

Vendor management is the process of controlling costs, driving service excellence and mitigating risks to gain increased value from vendors throughout the deal life cycle. This strategy is crucial in ...

Managing external partners has become a critical part of doing business today. As companies expand and rely more on outsourcing, the risks tied to outside vendors grow larger. Businesses can face ...

To move beyond SLAs to strategic partnerships, IT leaders must develop vendor management practices focused on alignment, collaboration, and maximum value. Vendor partnerships are becoming increasingly ...

Often hidden within the supply chains of businesses, most companies use a variety of vendors daily. Third parties are the cogs that keep a business functioning and growing, from managing employees to ...

A well-defined vendor contract management process facilitates efficient negotiation, standardization of terms, version tracking, and performance measurement. It also strengthens your organization’s ...

Commentary - As 60-70% of an enterprise’s IT budget is spent on hardware, software, and external vendor services, maximizing the value derived from IT vendors is key to delivering efficient IT ...

The failure to track and manage supplier performance can cause many business issues, especially for companies with large amounts of raw materials and SKU complexity in a global supply chain network.

Procurement and Payment Services manages supplier processing and maintenance for the University, including the addition of new suppliers and modification to existing suppliers. Procurement and Payment ...