Holistic vendor assessment using ERP/procurement data

Holistic vendor assessment using ERP/procurement data: reducing unanticipated costs by managing associated risks.

Extract from Corporate Compliance Insights – Joe DeVita:

Companies don’t have as many walls as they used to. In an effort to reduce costs, improve efficiency and flexibility, and leverage new technologies and expertise, most large companies today have engaged hundreds or even thousands of third-party vendors to provide products and services. From handling IT, payroll, and accounting to manufacturing, marketing, and selling a company’s products, third-party vendors are now woven deep into the fabric of companies’ most vital functions.

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