Vendor Compliance

The concept of “vendor compliance” often gets equated with “vendor credentialing.”   But if you harken back to your elementary math days, you can think of it as a Venn diagram, with “vendor credentialing” being a category that intersects with the ring of “vendor compliance.”  

Vendor compliance is a vendor’s ability to understand and successfully participate in a buyer’s policies.    Vendor credentialing is verifying that vendors are as they present themselves.   The intersection of compliance and credentialing occurs when a vendor meets (complies with) a set of verified qualifications (credentials).