Vendor Management 91制片厂 Center
Use Info-Tech鈥檚 vendor management tools, templates, and processes to improve performance, reduce risk, and maximize return on investment.
Talk to an AnalystTo avoid cost overruns, poor vendor performance, and customer dissatisfaction, IT organizations need to establish capabilities for controlling costs, reducing vendor-related risks, and ensuring vendors meet performance expectations.
Use our systematic approach to establish a solid foundation for your vendor management initiative, meet strategic objectives, and increase the value of your vendor relationships.
Five Common Vendor Management Pillars
As the vendor landscape becomes more complex, with vendors playing a more significant and critical role in many organizations, a multifaceted approach is required to maximize value and minimize risk.
Info-Tech has identified five key areas to consider when optimizing your vendor ecosystem:
Risk Management
Manage vendor risks proactively. Guard against regulatory, security, operational, reputational, legal, and financial risks. Establish risk tolerance metrics to protect your organization.
Financial Management
Analyze your spending to decrease costs, increase efficiency, and improve vendor relationships. Evaluate and ensure compliance with contract terms to ensure benefits are realized.
Contract Management
Manage vendor contracts across their entire lifecycle. Drive value from the outset, from sourcing and RFPs, through negotiation, contract management, amendments, and renewals.
Performance Management
Assess your vendors' performance using metrics, scorecards, SLAs, and other performance measures. Track achievements to measure progress and ROI and to maintain internal alignment.
Relationship Management
91制片厂 strategic and collaborative relationships with critical vendors. Create and implement individualized roadmaps to improve and leverage relationships with key vendors and drive future value and innovation.
Vendor Management
Vendor management (VM) is both a strategy and a process that enables organizations to manage their vendor ecosystem proactively. A vendor management initiative (VMI) can help you reduce costs, manage risk, improve quality, save time, increase efficiencies, enhance vendor performance, and improve vendor relationships. Use our systematic approach to establish a solid foundation for your VMI.
Create and implement a vendor management framework to begin obtaining measurable results in 90 days.
Transform your VMI from tactical to strategic to maximize its impact and value.
Strategy and Sourcing
Strategy planning and IT category management are essential foundational activities that will ensure you鈥檙e on the right path to successful vendor relations.
Take a strategic approach to vendor selection while identifying cost-optimizing opportunities aligned with IT strategy and budget objectives.
Leverage your vendor sourcing process to get better results. Discover a proven process for your RFPs.
Maximize your IT investment and increase your ROI with an IT category strategy.
Negotiations and Contracts
Learning to negotiate vendor contracts can result in dramatic
savings and favorable terms. It鈥檚 crucial to negotiate in a way that
prioritizes your organization鈥檚 needs and reach an agreement with your
vendor that takes into account both parties鈥� best interests.
Manage your vendors from the very beginning with a step-by-step approach to negotiating contracts.
Risk, Contract Management & Return on Investment
Reduce your vendor risk while planning for cost reduction, capture the ROI of the VMI, and create a strategy for contract lifecycle management.
Contract lifecycle management, minimizing vendor risks, and calculating the VMI鈥檚 fiduciary benefits, including ROI, are invaluable to ensure that your VMI is providing optimum value to the organization.
