The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Guy Yehiav The ...

Key Takeaways Supply chains are becoming more distributed, and as a result, vendor relationships have become ongoing ...

Business vendor onboarding is a process that introduces new suppliers to an organization’s systems, policies, and procedures. This step-by-step pathway enables vendors to understand the requirements ...

Tesla and Edison were two of the biggest innovators in the 20th century who happened to have very different views on the same subject. Kind of like many legal departments, some of whom put the utmost ...

Businesses often rely on a network of vendors to support their operations, yet many don’t realize this reliance comes with significant cybersecurity risks. Because of this, strengthening vendor risk ...

Vendor management is the process of controlling costs, driving service excellence and mitigating risks to gain increased value from vendors throughout the deal life cycle. This strategy is crucial in ...

Artificial intelligence is fundamentally changing how companies buy goods and services, transforming procurement from a back-office function into a strategic business driver. Where procurement teams ...

Vendor Relationship Management (VRM) is essential because it focuses on crafting a win-win situation where both vendors and the business mutually benefit from the partnership, especially in today’s ...