Global Vendor Management is the process of strategically selecting, vetting, and managing vendors from around the world. Through this practice, global corporations can access an array of specialized services and resources, while also ensuring that their business operations run smoothly and efficiently. Vendor management enables organizations to navigate a global market and make impactful decisions based on robust data, research, and analytics. From screening potential vendor partners to building relationships with vendors to cultivating cost efficiency, global vendor management is a vital component of any successful organization’s bottom line.