Third party agreements cover everything from cleaning through to the provision and operation of strategic information technology systems. From the simplest service to the most complex, third party agreements can bring significant benefits including:
Economies
More effective services then can be provided in house
Expert knowledge and skills
However, this comes at a price. This price is called risk:
Strategic risks and new uncertainties can "hide鈥� inside these agreements
Learn to mitigate risk at all stages of the relationships
Understand the stages of vendor relationship and how risk changes throughout the relationship.
Economies
More effective services then can be provided in house
Expert knowledge and skills
However, this comes at a price. This price is called risk:
Strategic risks and new uncertainties can "hide鈥� inside these agreements
Learn to mitigate risk at all stages of the relationships
Understand the stages of vendor relationship and how risk changes throughout the relationship.
