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Articles from vendor management professionals

How to write winning contracts with your vendors
Eight components of just about any contract that you want to get right. You’ll not only start your vendor relationship off on the right foot, but you may also sleep a little better at night. Author: Tom Rogers

3 types of risk you should be managing with your riskiest vendors
Not every vendor relationship is created equal. While the specific activities may vary across organizations, there are three types of risk you want to be sure to address. Author: Tom Rogers

Breaking down the new Uniform Guidance Procurement Standards
With no further delays on the horizon, non-Federal entities must now comply with all of the new procurement requirements. To better understand what they’re all about, here’s a breakdown of the 10 key sections. Author: Tom Rogers

4 easy steps to improve your vendor selection process by using vendor profiles
It’s as important to select the right vendor as it is to select the right solution. Follow these steps to create a solid vendor profile that will increase the odds of finding the right vendor for your next big procurement. Author: Tom Rogers

Starting a Vendor Management Office (VMO)
Four steps to starting a Vendor Management Office (VMO) at your company, including planning, defining roles & responsibilities and implementing the plan. Author: Paul Boone

How a Vendor Management Office (VMO) provides ROI
See how a VMO can provide ROI and help your company by improving efficiency, cutting unnecessary costs and reducing risk exposure. Author: Paul Boone

Vendor management for the mortgage servicing industry
The mortgage industry is increasingly being subject to more stringent vendor management requirements. This article highlights the key challenges you should be concerned about. Author: Paul Boone

What are vendor due diligence reviews?
Learn why you should conduct due diligence reviews, what you should be capturing, and how often to conduct reviews. Author: Paul Boone

What are vendor risk reviews?
Learn why you should conduct vendor risk reviews, what you should be capturing, and how often to conduct reviews. Author: Paul Boone

What are vendor performance reviews?
Learn why you should conduct vendor performance reviews, what you should be capturing, and how often to conduct reviews. Author: Paul Boone

Why track vendor incidents?
Examples of vendor incidents, how you should track them, and why capturing this information is critical to your vendor management efforts. Author: Paul Boone