Commentary - As 60-70% of an enterprise’s IT budget is spent on hardware, software, and external vendor services, maximizing the value derived from IT vendors is key to delivering efficient IT ...

Both Dana Gangemi, senior manager of contracts and vendors at NYU, and Bill Koffenberger, director of service and contract management in GW's division of IT, consider contract management a "leading ...

TOM FIELD: So, we talked about vendor management about two years ago, when you worked with us on a webinar. Since then, the vendor management guidance hasn't changed, necessarily, but the technology ...

Despite advances over the past five years, IT vendor risk management is still done haphazardly and relies on static paper-based audits. One of the fundamental best practices of cyber supply chain ...

Over the past few years, many companies have taken the first steps in setting up an IT Vendor Management Office (VMO), but many are still very much in the early stages of refining what exactly the ...

Historically, vendor management teams built strong skill sets in acquiring services at low/competitive unit-cost prices and measuring vendor performance. But the world changed, and there is a growing ...

With the average company spending between 4% and 6% of its revenue on IT, the need for proper supplier governance and control measures has become increasingly critical to the enterprise. As this trend ...

Synergies across assets-intellectual property, people and process-of two companies are an “enabler” for a strong alliance. With skillful leadership and vision, a partnership can evolve to benefit both ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ITM VRM 3.6 was developed through extensive work with some of the world's ...