How to Know Whether Your Vendor Is Low-Value or High-Value
September 19, 2023
Learn how to determine your vendors' value as well as how you can get the most from them.
You may think that it would be easy to know which vendors are high-value or low-value, but if your credit union has multiple vendors, it may not be apparent. Not every vendor lives up to the expectations of delivering tangible benefits and creating value.
While it matters how much or how little your credit union pays for a product or service, it is even more important for those vendors to bring value in return. In this eBook, learn how to tell the difference between low-value and high-value vendors, as well as how you can get the most value from them.
Download this eBook to learn:
- Examples of high-value and low-value vendors
- Ways you can tell if a vendor is high-value
- The risks that may come with low-value vendors
- How you can get the most value from your vendors
Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.
Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.