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Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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Supply chain management software, operations, processes, and roles

Altexsoft

For example, both are involved in: Forecasting prices , overseeing budgeting, planning and auditing. Cost management (estimating, controlling, optimizing, and reducing operating costs). To be more specific, let’s take a quick look at offerings from top SCM software vendors leading the pack in terms of revenue and market share.