3 min read
November 10, 2015 at 10:09 AM
Last week we talked about what Vendor Management is and really why you should care about it for your organization. This week we are going to outline the top 5 reasons, in no particular order, of why your organization needs to have a Vendor Management Program implemented and that makes sense for your company. This will sort of be like when David Letterman used to do his Top 10 Lists on a nightly basis except that it will be shorter and probably not as funny. But, what it lacks in length and comedy it will certainly make up for in valuable information (fingers crossed). Here we go:
Vendor Management is important, there is no doubt about it. In fact, having vendors or third party service providers is necessary for your business to operate and provide the service and/or products to your customers. How you manage those vendors is up to you and your leadership team but hopefully the 5 points above will provide some food for thought around what you are currently doing and what changes you might need to implement.
Compass IT Compliance will be conducting, as part of our monthly Knowledge Series, a webinar that discusses the importance of Vendor Management, some key components of a Vendor Management Program, and some strategies for how to manage your vendors. The webinar will be on November 19th at 1:00 PM EST and is free. Click on the box below to register and we look forward to seeing you on the 19th!
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