What Is Vendor Compliance | Help For Customers / Buyers | Help For Suppiers / Vendors | "Retail Ready" Training | Resources | Katzscan
Whether a customer/buyer or a vendor/seller enterprise, vendor compliance encompasses a wide array of technology, operations, and human resource initiatives. The overall scope can be thought of as: “The internal controls for external relationships” as is offered by Norman Katz, Katzscan Inc. It is critically important that within the customer or vendor enterprise, all internal controls are property identified and worked through using good project management techniques. While there is no expectation that everything will happen all at once on “day one”, what is important is that the enterprise recognizes the importance that vendor compliance has in the success of the organization and identifies the gaps that need to be
closed. This includes ensuring that a quality monitoring plan is in place to catch and recover from anything missed sooner rather than later, and that monitoring must cover both internal and external activities.
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