We determined it was best to keep everything in Venminder, even those vendors whom we consider "Exempt" or out of scope. We categorize each vendor as either Critical, Tier 1, Tier 2, Tier 3, Reseller, or Exempt. Exempt would be any engagement which is not include in our Vendor Management policy such as Board engagements, utility companies, and certain Facilities Management vendors. This allows us to provide accurate reporting to our Board while keeping everything centralized.
Tracy J. Wilson, PMP, FLMI, PCS
Enterprise Services Manager
Modern Woodmen of America
It's nice to have them in your vendor records and show how you scoped them out. That way you have a record of all vendors that were considered under your program.
Contract Management & Third-Party Oversight Manager
Together for People. Together for Business. Together for Better. Learn more at www.umpquabank.com
How did you set up the customized field under "Relationship Type" in Venminder?
Janette OlenVendor Relations Manager
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This article is a good reference for how to add a customized field under the Vendor Profile: