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In this 90-second video, Cindy Horn shares 9 tips for effective vendor contract management to reduce risk and meet regulatory expectations: 1. Document processes within the vendor management program.2. Plan negotiation strategies before engaging with vendors.3. Identify all organizational areas involved in contract management.4. Negotiate terms and understand specific regulatory requirements.5. Actively manage the delivery of products or services.6. Recognize that contract management continues post-signing, including handling addendums.7. Manage identified risks throughout the contract management process.8. Understand contract terms thoroughly. These best practices are designed to enhance vendor relationships and compliance.