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OMB APPROVAL OMB Number 3235 0287 Expires January 31, Estimated Average Burden Hours Per Response  Form

OMB APPROVAL OMB Number 3235 0287 Expires January 31, Estimated Average Burden Hours Per Response Form

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welcome to this week's third party Thursday my name is Dana Bowers and I'm the CEO here at VIN minor let's talk about some of the most common errors we see in vendor management it's easy to get so deep in the weeds of your vendor management program then you make some pretty basic errors sometimes you need to just take a step back and evaluate your program here are some of the ones that we see most often one too few resources there too few resources committed to the vendor management program and so if you suspect that is your situation ask yourself these questions do you have sufficient staff do you have enough expertise in key areas and do you have an automated solution to too little documentation the examiners will expect a robust policy and program make sure yours isn't a one pager and make sure it gets reviewed and approved annually and also when guidance changes of course three not enough detail in your program make sure the key points and th

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