Vendor Management

Check out our vendor management resources to learn how to evaluate vendors, reduce risk, manage relationships, prevent fraud, and more.

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Vendor Management 6 min read

Benefits to Supplier Information Management

In the face of supply chain disruptions and major shifts in economic conditions, many organizations are working with more vendors to establish supply chain resiliency and get products at the best possible price. As the number of vendors increases, so too does the complexity of management and the potential for issues. A single company may […]
7 Ways to Avoid Vendor Fraud (and How to Spot It)
Procurement 7 min read

7 Ways to Avoid Vendor Fraud (and How to Spot It)

Keeping an eye on a company's money goes beyond simple cash accounting. In the digital era, instances of fraud from third-party vendors are on the rise. As fraud schemes become more sophisticated, fraud prevention methods must become more diligent. Fraudulent activity costs companies thousands of dollars in lost cash, legal fees, and diminished financial power. […]
How to Best Improve Supplier Segmentation
Spend Efficiency 7 min read

How to Best Improve Supplier Segmentation

Supplier relationships are a lot like personal relationships. Each is individual, enriches daily life, and requires different levels of attention to keep strong. Just like best friends, there are a few suppliers your business simply couldn’t live without. Businesses rate the characteristics of their supplier relationships using supplier segmentation. Evaluating your supply chain relationships with […]
What is CLM: The Stages of Contract Lifecycle Management
Vendor Management 7 min read

What is CLM: The Stages of Contract Lifecycle Management

A contract is more than just an outline of your rights and obligations in a deal. It is a corporate asset that requires management and review. Moreover, correctly managing the contract lifecycle can open opportunities for savings and improvements in how your organization conducts business.  What is the contract lifecycle, and how should your company […]
3 tips from fitness giants on growing your fitness company
Purchasing Process 6 min read

3 Tips From Fitness Giants on Growing Your Fitness Company

If you want to grow your fitness company, you need to have a budget; in order to budget, you need to know what you’re spending.
The Vendor Selection Process Is Broken. Here's How to Fix It.
Vendor Management 7 min read

The Vendor Selection Process Is Broken. Here's How to Fix It.

Make the vendor selection process an ongoing feedback loop based on cost and value.