The instruction came from above, and there is no escape from it: You are responsible for your organization’s vendor management process.You have seen the guidance. You know it’s a big job. But where to start? Vendor Management is the process of continuously assessing the risk to your entity by a third-party vendor and its subcontractors….
It can be intimidating for a small business manager to think about all the point of sale (POS) components you need. With numerous choices in the market, which is the best POS system for restaurants? Read on to find out essential POS system features, from online ordering to front-of-house to get yourself a perfect vendor…
As we continue to work in uncertain times, each company needs to continually assess its overall operations to find out how best to prepare for both best-case and worst-case outcomes. This is especially true for your vendor management program. Many companies invest 50% or more of their capital with external vendors and third parties. Thus…
Risk is always associated with any type of business, especially third-party risks and challenges. This blog gives you a complete overview of Third-Party Risk Management (aka TPRM) to safeguard your business and vendor management strategy. What is third-party risk management? It’s a form of risk management that concentrates on identifying and mitigating risks. This form…
