Software Vendor Management Best Practices
Software vendor management involves managing relationships with the software vendors that provide the tools … Read more
Supply chain risk programs usually fail at the first step rather than the last. Without a defensible method for deciding which suppliers are critical, everything downstream, from questionnaires to tiering, monitoring and continuity planning, gets applied evenly across hundreds of vendors and therefore properly to none of them.
The sequence here starts with critical supplier identification and tiering methodology, then moves to scoring and monitoring supplier performance, building a supply chain risk heat map, and framework implementation under NIST SP 800-161 for C-SCRM and ISO 28000. Contracting is covered through vendor agreement clauses and a risk based scoring framework for evaluating proposals, and there is a supply chain continuity plan for the point at which a supplier actually stops delivering. AI vendors get separate treatment, because the assessment questions differ.
For the vendor relationship itself see third-party risk, and for disruption response business continuity management and operational risk.
Software vendor management involves managing relationships with the software vendors that provide the tools … Read more
Key Takeaways # Takeaway 1 Vendor proposal evaluation is a risk management activity. Every … Read more
Evaluating supplier performance is crucial in ensuring the consistent quality of goods and services, … Read more
Supplier diversity is a business strategy that ensures a diverse supplier base in procuring … Read more
An ESRMP is a comprehensive framework for managing supplier risks across the enterprise. It … Read more
In February 2021, a winter storm shut down semiconductor fabrication plants in Texas. Within … Read more
The pressure to reduce costs while maintaining supplier performance is a challenge that all … Read more
What Are Supplier Risk and Performance Management Solutions? Supplier risk and performance management (SRPM) … Read more
Key Takeaways Key Takeaways Supplier risk and performance management (SRPM) is the integrated discipline … Read more
When the Ever Given wedged itself across the Suez Canal in March 2021, it … Read more