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6 best practices for better vendor management

CIO Business Intelligence

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Vendor management: The key to productive partnerships

CIO Business Intelligence

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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Agile Procurement In Government Is Not An Oxymoron

Forrester IT

In my early research on Agile procurement in government (and Agile procurement in general), almost all of those conversations quickly devolved into what groups were doing Agile software development. But digital government is much broader […].

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Netflix Hack: Key Lessons In The Economics Of Ransomware And Managing 3rd Party Risk

Forrester IT

Enterprise Risk Management. Governance Risk and Compliance. vendor management. If you do an impact analysis, you see that it has a medium reputational risk, a low financial risk and no regulatory risk. With that kind of risk analysis, you don't pay a ransom. Read more Categories: Brand Risk. Ransomware. third party data.

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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

This incident comes just months after another Bank of America vendor, Ernst & Young, suffered a breach exposing data on 30,210 Bank of America customers. Cybersecurity experts say this latest breach underscores risks in the interconnected financial sector, especially regarding third-party vendor management. "As

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CIOs take aim at SaaS sprawl

CIO Business Intelligence

For Bryan Muehlberger, CIO at Vuori, the rise of SaaS use has also led to a corresponding rise in vendor management challenges. “We APIs, Application Integration, Cloud Computing, IT Strategy, SaaS, Vendor Management

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10 best practices when partnering for strategic skills

CIO Business Intelligence

IT leaders must rigorously assess their partners’ talent management and development strategies, build greater trust and transparency into the relationships, and invest in greater partner governance. Double down on vendor management. Invest in workforce planning.