Vendor management is critical for risk reduction and ensuring that services are delivered on time and to high standards. The stronger your relationship with your vendor, the more likely it is that you will be able to negotiate more cost-effective rates and maintain a strong business-to-vendor working relationship. This is a high-level overview of an effective and efficient vendor contract management process.
Read more :- https://www.mydock365.com/importance-of-vendor-management-and-compliance-in-contract-management
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