1. What is vendor chargeback?

Vendor chargeback is the penalty that is imposed on supplier who do not keep up compliance standards with regard to shipping or other vendor responsibilities.

2. How do businesses implement a vendor compliance program?

Businesses can implement a successful vendor compliance program by structuring the right onboarding process, continuous monitoring and evaluation and ensuring they keep track of vendor scorecards and performance metrics.

3. What is the cost of non-compliance?

The cost of non-compliance is measured by monetary losses and other business risks taken into account by organizations.

vendor compliance Archives

29/08/2024

What is Vendor Compliance and How does it Work?

Your business is as good as the products and services you sell. Vendors play a crucial role as they are the ones you purchase all your […]