Mitigating Vendor Risk Through Effective Contract Management Practices

The vendor contract is an essential place to set expectations and standards for the entire vendor relationship. Effective vendor contract management has many benefits, including potential cost savings and safer third-party vendor relationships.

However, it’s never just a one-and-done step, but rather an ongoing process as vendor contracts must be regularly tracked and reviewed throughout the engagement. 

Download the infographic to learn:

• Who is involved in vendor contract management
• Questions to ask when assigning responsibilities
• Essential practices that can be incorporated into your own strategy