The right way to do Vendor Management – part 2
This is part two of four of the Right Way to Do Vendor Management. In the first article, we overviewed vendor management as a system with three parts: choosing the right vendor, contracting well, and measuring and monitoring vendors. This article is about the first, choosing the right vendor.
The right way to do Vendor Management – part 1
Part I in a four-part series about vendor management program requirements. “What’s really supposed to be in your vendor management program?” The answer is, ‘Your concrete plans for managing third party vendor risks to your…
Contract traps: the contract term.
Do you ever wonder what is the right contract term (the length of the contract)? The answer: As short as possible. Part of a vendor management program is the negotiation of fair, risk-balanced contract terms – an overlooked…
WolfPAC and Maple Street announce strategic partnership, enhancing WolfPAC’s enterprise risk management services
ORLANDO, Fla. —WolfPAC Integrated Risk Management®—the leader in risk management services and an integral part of the Risk Management Services provided by Wolf & Company, P.C.— and Maple Street Inc., the leader in…
NCUA looking deeper into vendor management in 2019
According to NAFCU, National Credit Union Administration examiners are paying extra attention to vendor management and outsourcing processes in 2019. NCUA stated it would focus on the “oversight of service provider arrangements…