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Manage Your Vendors Before They Manage You

  • ID: 4457590
  • Report
  • May 2017
  • Region: Global
  • 84 pages
  • Info-Tech Research Group
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Maximize the Value of Vendor Relationships
Invest your vendor management efforts where they can deliver the best return; focus on the vendors most important to your business. Classify and prioritize your vendors to devote your energy where it will make the biggest impact. From contracting to renewal - a successful vendor management office (VMO) depends on your ability to create repeatable, iterative processes that can flourish over many years of diligent work.

This Blueprint methodology provides the research, insight, and practicals tools and templates to help your organization:
  • Prirotize and classify your vendors with quantifiable, standardized rankings
  • Focus on your strategic vendors first, then, year over year, work through every classification of vendor
  • Standardize your processes for transitioning in new vendors, maintaining communications, and monitoring performance
  • Codify your tailored, best-practice methodology for managing vendor relationships
The future is here! Are your vendors delivering maximum value?

This research is designed for:
  • The CIO of an organization that depends on numerous key vendors for products and services
  • The CIO of an organization that wishes to maximize the value delivered by vendors
  • A director or manager of an existing IT procurement or vendor management team
  • A director or manager whose IT department has shifted its strategy towards increased outsourcing
This research will help you:
  • Build your own custom vendor management program
  • Maximize value at each stage of the vendor relationship
  • Control exposure to vendor-related risks
  • Reduce the effort needed to manage vendors
  • Turn your key vendors into true business partners
  • Standardize vendor management processes
  • Identify new IT opportunitieis through vendor partnerships
  • Reduce contracting complexity
  • Identify how to support IT outsourcing activities that have implications throughout the organization
The research is organized in three parts:

1. Prioritize Vendors
2. Classify Vendors
3. Document Vendors

The research is presented in a step-by-step approach to optimize the vendor management process. Excel based tools and Word templates are included. Research is practical and results-driven.
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