Question

1.What does Vendor risk and relationship management entails?

2 Explain Software licensing

Answer 1

1. Vendor management and vendor relation management are two different things. Vendor management comes to the ways and methods of handling work with vendors. Workflow, managing contracts, and vendor companies. Vendors will play a critical role in company success and failure also. The critical things are vendor tasks, contracts, relationships in mission-critical. Ethics, consistency is needed to make it very successfull.

2. A Software will have some legally binded guidelines which needs to be go through and agree before the user uses it. So it shows that using properly without violating copyrights. It governs the use of software and redistribution of software. Failure of these adhere software licence will be offended and punishable.