
Denis Oproescu - 24 Feb 2025
Working with External Vendors: Risk Management and Best Practices
You just secured the budget to scale your product, and now every decision you make needs to show value. Bringing in external vendors is necessary for speed and expertise, but it comes with risks—misalignment, hidden costs, security concerns, and the possibility that deliverables won’t meet expectations. If things go wrong, you’re the one who has to answer for it. A survey by Deloitte found that 71% of procurement leaders believe that increasing supplier risk is a major challenge facing their organization.