Vendor Compliance

Welcome to the first blog to exclusively focus on vendor compliance. As an important area to virtually every company, vendor compliance has now come to the forefront of supply chain management, risk management, operational efficiency, and corporate compliance. With a focus on highly regulated industries such as healthcare and financial, this blog will explore the struggles of ever increasing regulatory complexity, the exposures to fraud, and most importantly ideas and best practices to help companies mitigate risk and develop a positive relationship with their vendors.

As described in the article IT/BUSINESS STRATEGIES: Steps to institutionalizing compliance , “Keys to staying in compliance include creating comprehensive policies around corporate governance, devising systems to share data across compliance documents to avoid duplication of work, establishing clear lines of responsibility so each person knows what data to gather and when, and making those processes part of a company’s culture. But many of those policy and procedure changes are easier said than done, so many companies remain in the reactive mode, struggling to stay in compliance.”

This is a good description and just the tip of the iceberg when it comes to Vendor Compliance. This blog will serve to provide a place for discussion and the sharing of resources for this critical subject that is on the minds of so many companies today.

Visit, read, and share your thoughts.

- Andy Monin