Vendor Management Trends that You Need to Be Aware of

Vendor management is still developing at a never-before-seen rate. Customers, boards, auditors, and regulators are demanding stronger standards, processes, and control of suppliers and other third-party interactions. Senior management faces pressure to preserve an efficient infrastructure while finding methods to extract value through cost control, performance enhancement, and vendor risk reduction from an operational standpoint. But first, you need to do new vendor registration to work legally.

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