681 words, 2.5 minutes read. By Gerard Blokdyk
Vendor Contract Management 1 big thing: Guarantee your organization is involved in security tools (phishing, SCCM, vulnerability scanning, network monitoring).
The big picture: Lead and/or support sourcing initiatives, including creating and issuing RFPs, building and executing vendor selection scorecards, creating and reviewing contract documents, and vendor implementation.
Why it matters: Develop Third Party Risk engagement models to ensure that third party risk considerations are accounted for in all your organizations major sourcing initiatives.
Be smart: Support microsite management, including vendor management (Third Party Risk Assessments), and contractual management and negotiations; partner with external website developer to schedule updates and enhancements to the website.
What we’re hearing: “Certify your process maintains the policy management system and oversees the coordination of policy revisions and reviews by the Board of Directors and employees.“, Director of Inventory Management
The backdrop: Invest in the development of scope of work and negotiation of vendor contracts in support of building maintenance, supply requirements, and capital improvement projects.
State of play: Oversee third party risk landscape across R and D, in line with Enterprise expectation, and communicate key changes to the R and D Strategy and Sourcing Capability Director.
How it works: Secure that your workforce builds strong working relationships with vendors and negotiates expedited dates and prices, managing invoice discrepancies and adherence to contracts, working through change orders, and making recommendations to management.
Meanwhile: Make sure the IT Vendor Manager responsibilities which need to be in place include developing and executing the strategies to monitor and improve vendor performance, reduce vendor risk, optimize strategic vendor partnership opportunities and manage the overall vendor lifecycle.
Under the hood: Assure your strategy maintains overall facility management services to ensure maintenance of the facilities and grounds, vendor management to include compliance with all KPI, SLA, contract requirements, completion of vendor scorecards and vendor on-boarding management.
Look inside the Vendor Contract Management Kanban:
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Go deeper: Secure that your team contributes to the implementation of new policies, practices, appetites and solutions to ensure holistic understanding and management of risks according to industry best practices.
On the flip side: Partner closely with Learning, Development and Performance team to meet the development, performance and training needs of the team and other areas of your organization.
Between the lines: Provide project oversight and project implementation services for security software, hardware, cloud services, and appliances related to cybersecurity products and services installed and/or supported by the team.
What they’re saying: “Provide security consultation and expert guidance for the application development, infrastructure and business teams on requirements for security support during all project phases.“, Analyst, Reverse & Recommerce Vendor Performance Management
The bottom line: Warrant that your operation defines and reviews technical criteria for vendor evaluations, participates in package selections, and ensures contracts include expected technical outcomes.
What’s next: Interface so that your team manages Resource Management Office staff, Services Partner Coordinators, as well as contractors, staffing departments, and vendors to provide operational support to (internal) clients.
ICYMI: Produce robust governance and oversight reporting (for management, executive, and Vendor Risk Management Sub-committees) and work with the business units to establish key risk indicators to inform reporting on vendor risks.
Look inside the Vendor Contract Management Kanban:
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Grainger, Blue Cross and Blue Shield of North Carolina, Kaiser Permanente, MasterCard, Health & Human Services Comm, Altice USA, BSN Sports, Deutsche Bank, TransUnion, Disney Parks, Experiences and Products, UCHealth, Corteva Agriscience, Vibrant Emotional Health, Gallagher, Clearent, TradeStation, Bessemer Trust Company, CRATE & BARREL, T-Mobile, FedEx, Medtronic, Frontapp, Janus Henderson, Cvent, Komatsu, Accenture, SSM Health, InspiHER Tech, Klim, Neoleukin Therapeutics, UNITED PARCEL SERVICE, Edelman, W.W. 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Rowe Price, Aegon, Revitalize Milwaukee, US Air Force Services Agency, Omnicom Health Group, JPMorgan Chase Bank, N.A., Norwegian Cruise Line Holdings Ltd., Otter Products, LLC, AAA of Western & Central NY, Wintrust Financial Corporation, DAK Americas, GCI, L’Oreal, Jenner & Block LLP, Albertsons Companies, Ecolab, AvantStay, Franciscan Missionaries of Our Lady Health System, CoBank, Bayer, Parkland Health and Hospital System, DXC Technology, Sabre, Cognosante, LLC, KeHE Distributors, LLC, Olam Americas Inc., Johns Hopkins Health Care, Thermo Fisher Scientific, Repligen Corporation, Itineris, Booz Allen Hamilton, Perch, Ciena, LAIRD NORTON WEALTH MANAGEMENT, Zwift, Astellas Pharmaceuticals, Vanderbilt University Medical Center, Hubner Manufacturing Corporation, Ferguson, Alvarez & Marsal, San Jose Sharks, LOCKHEED MARTIN CORPORATION, SoftwareONE, SCL Health Corporate, CIOX Health, CBRE, Verizon, Facebook, Railsbank, Arthrex, Grand Bazaar NYC, Spotify, Room & Board, Fortress Information Security, Ensemble Health Partners, ServiceNow, PNC Financial Services Group, Gartner, The University of Chicago, @Orchard, United Therapeutics, Marriott International, Inc, Navy Federal Credit Union, Astellas, Aptos, Rocky Mountain Institute, Silicon Valley Bank, Whirlpool Corporation, System One, Ambassador Labs, Oracle, SUSE, Red Hat Software, Hewlett Packard Enterprise, Canonical – Jobs, Cerebral Staffing, LLC, Harness.io, Cloudera, Synopsys, Amazon Dev Center U.S., Inc., Citi, Splunk, Salesforce, Amazon Web Services, Inc., TRILIO, Northrop Grumman, M1 Holdings, NVIDIA, Toshiba Global Commerce Solutions, Inc., Resilience, Freddie Mac, Barings, Clyde&Co, Morgan Stanley, Southern Scripts LLC, Exeter Finance LLC, Intel, Eli Lilly, MSU Federal Credit Union, Insight Global, UW Credit Union, Prudential, Twilio, Mythical Games, Aaron’s, Revolut, Aston Carter, Paylocity, Magellan Health, FirstBank Holding Company, ERM Group, OppFi, CASE Credit Union, Reyco Granning, Federal Home Loan Bank, Opendoor, Signature Bank, Proofpoint, Mitsubishi UFJ Fund Services, Burlington Stores, Liquidia Corporation, LTCG, CGI Group, Inc., Cabrera Capital Markets, Marqeta, Sentry, LGE Community Credit Union, Royal Caribbean Group, Zions Bancorporation, Kirkland and Ellis, Cross River, The AES Corporation, Broadridge, Adient, Wan Bridge Group LLC, WarnerMedia, CoreLogic, Ent Credit Union, Community Resource Credit Union, Keesler Federal Credit Union, Hilltop Holdings, Inc., AML RightSource, STCU, Ipsos North America, Millennium Management LLC, SECU Credit Union, Analytic Partners, First Entertainment Credit Union, United Heritage Credit Union, GNC, PTC Inc., Mercy Hospital in Iowa City, RJ O’Brien, PSI CRO, State of Iowa Talent Gateway, Amazon Retail LLC, LA Healthcare Connections, US Veterans Affairs, Inspector General, Mintel, McDonald’s Corporate, Capacity LLC, Delta Faucet Company, Neoleukin Corporation, Design Within Reach, Brightstar Corp., Cotiviti, Inc., Broward College, Bloomberg, Blue Shield Blue Cross Association, Adobe, Syneos Health Clinical, Ceridian, Telgian Corporation, Grafana Labs, HCA Healthcare, Mercury Healthcare, Uline, Angi, G/O Media, Stash, PBS SoCal, Ball State University, MC3, Inc, Churchome, Singer Vehicle Design, Cashmere Agency, Meow Wolf, Applied Minds, LLC, Saatchi & Saatchi (We Are Saatchi), Observatory Agency, Group SJR, TUSHY, Scott Credit Union, Altra Federal Credit Union, HashiCorp, RoundPoint Mortgage Servicing Corporation, Agio, Inc., Equityzen, Nuvision Federal Credit Union, Everlaw, FM Global, Pacific Premier Bank, ACA Group, Rabobank, Everly Health
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