Vendors provide services to your organization, but effectively managing all these relationships to monitor performance, mitigate risks, and reduce cost can be difficult—particularly when multiple departments and individuals are involved.
We can work with you to develop or administer your vendor management program so you can better:
- Identify the appropriate factors to consider when profiling your vendors
- Assess and classify the risk level of each vendor for structured due diligence
- Track your vendors' performance over time as conditions change
- Mitigate the inherent risk to your organization
We can also evaluate your current vendor management program and provide recommendations for improvement.