V endor Management Challenges 1. Dealing with hundreds of vendors exposes the organization to various compliance and security risks. 2. Often Legal and Procurement teams have the access to Contracts, rest of the departments lack the visibility. 3.…

Israel has got a new coalition government led by Naftali Bennett after Benjamin Netanyahu was unseated after 12 years of reign. Israel has seen 4 elections in merely 2 years, but the opposition was united to oust Netanyahu after allegations of Bri…

As organizations begin to evolve and become complex over time, it is imperative for them to be mindful of manual versus automated operational functions and capabilities. Adoption and continuation of a manual approach can take up a significant amou…

When the money is scarce, you have a difficult choice to make. Whether that money is well spent in Cyber Security or for the growth of the organization. Large organizations have a well-funded cyber security group, but organizations that are not la…

With the spate of Cyber crimes and spike in ransomware incidents in 2020, CXOs and Board Members in every organization have Cyber Risk on their agenda regularly. A single incident of unwanted ransomware could prove to be detrimental to the existence…

I am sure you must have had this question asked at least once, if you work in an area that deals with business continuity. Whether you represent business or technology, you would be losing a good night's sleep over it. Should we be creating the…

Investment in Technology, be it a Hardware or Software, is a significant investment for any company in current economy. We need the most sophisticated tech to enable products, retain profitable customers, maintain a competitive edge and also to secu…

Introduction  For an ongoing relationship, it is needless to say that there needs to be a mechanism to monitor the health of the relationship. At a 25,000 ft level, the process of having a regular touchpoint to talk about things that can improve or …

Introduction  I am not an engineer by background, but I am always interested in anything related to Tech, Innovation, current trends. Ever since I started working on Technology Sourcing projects, I consistently tried to feed my curiosity to learn ab…

Introduction Most software companies invest millions of dollars to create a world class product. They want your organization to use the software as much as possible as it is their major source of revenue. Software companies usually have a software m…

Introduction In the advent of current technological evolution, it is unimaginable how far we have reached since the first Fortran was made commercially available in 1950s to current state where we are talking about Artificial Intelligence, Machine L…

Introduction I am writing this post in middle of pandemic, when employees are working from home and organizations have been forced to hire third party vendors to do myriad of jobs ranging from print services to purchasing software to enable remote l…

What's The Difference Between Vendor Management and Strategic Sourcing The concept of Strategic Sourcing has existed from many years now. Vendor Management function is evolving from past few years and has now reached a stage where companies are …