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Vendor onboarding doesn’t have to be a slog

In the quest of ambitions to become leaner and nimbler, businesses are increasingly outsourcing non-strategic functions to third parties, but the process of bringing those vendors onboard is typically anything but nimble. Vendor onboarding often takes six months at large organizations, according to the Institute of Supply Chain Management.

Due diligence can be exhausting. Background checks, risk assessments, and legal approvals have always been a given, but complexity has grown in recent years as privacy regulations, reputational audits, data exchange procedures, and corporate social responsibility policies have become part of the equation.

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Source:: Computerworld