Vendor Management
How to Avoid a SolarWinds Scenario: A Comprehensive Guide to Vendor Risk Management
In early 2020, networking tool vendor SolarWinds fell victim to a sophisticated large-scale cyberattack. And according to The New York Times, the breach affected over 250 companies and government organizations. The extensive list included: Microsoft Intel The Pentagon The Justice Department...
6 Best Practices to Power Your Vendor Management Process
Between managing your team and managing your business finances, managing your IT vendors might be the last thing on your mind. If it is on your mind, it may be on the back-burner. “It’s not important right now,” you might even say. The fact is that not managing your...
Vendor Renewals and Terminations
If you haven’t checked out our previous chapters, it’s best to start at the top and go through them in order. In this post we’ll be discussing the second half of the vendor management cycle: This is part in a series about Vendor Management: 1. What is Vendor Management? 2. What...
Vendor Management Workflow – Eight Benefits
Why you need a set and repeatable vendor requests, approval, renewal, and termination process. If your company is one huge machine and the various tools you use are important parts of this machine. A faulty component can cause chaos for the entire machine. The returns your company gets from...