Vendor Compliance Management- an essential component in Organization s Safety Net
Today’s globalized business environment besides being technologically enabled is also a high-risk one wherein
small errors can lead to severe consequences.
Use of...
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Vendor Compliance Management- an essential component in Organization s Safety Net
Today’s globalized business environment besides being technologically enabled is also a high-risk one wherein
small errors can lead to severe consequences.
Use of technological innovations alone does not help in
reducing costs and improving an organization’s performance.
The design, process, and technology must work
in harmony to achieve good results.
Irrespective of the industry sector, vendors form an important part of the every organization s operational
requirement.
In case of the healthcare industry, the business associates, insurance partners and healthcare
providers play the role of vendors who are given access to the critical records and personal information of the
customers.
However, every organization needs to have an efficient vendor compliance management strategy
in place.
Thus before hiring the services of any vendor, it is imperative to verify their credentials.
Further, with informat
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