By- WGroup

The Top 9 Trends in Vendor Management

Multi-vendor systems are becoming the standard model for delivering outsourcing services in today’s workplace. This approach allows clients to leverage the best service for a particular business environment. However, multi-vendor delivery models also require a client organization to integrate multiple vendors with varying roles and coordinate their activities in an effective manner. Furthermore, many industries, such as finance and healthcare, face increasingly stringent regulations that place a burden on the client to ensure regulatory compliance over its vendors throughout its service delivery chain. Clients also must maintain oversight over their third-party relationships.