Bimodal Vendor Management Reduces Risks and Enables Rapid Digital Business Transformation


Archived Published: 25 September 2015 ID: G00278206

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Summary

Driving rapid digital innovation through vendors requires speed and agility. VM leaders must explore new ways to meet these needs and reduce cycle times or face being overwhelmed or bypassed by stakeholders that demand a greater sense of urgency.

Table of Contents

  • Introduction
    • Avoiding Missteps on the Digital Business Path
      • The Challenge for VM in Digital Business
  • Analysis
    • Adopt a Bimodal Approach to VM to Support the Flexible Needs of Digital Business Initiatives
      • "Bimodal IT" Defined
      • Applying Bimodal IT to VM
    • Develop Agile (Mode 2) Processes That Are Protective, but Not Bureaucratic
      • Governance: What's Different About Agile Vendor Management Governance
      • Risk: What's Different About Agile Vendor Risk Management Processes
      • Performance: What's Different About Agile Vendor Performance Management
      • Relationship: What's Different About Agile Vendor Relationship Management
      • Contracts: What's Different About Agile Vendor Contract Management
    • Identify a Sponsor and Plan a Pilot Program to Demonstrate the Value of VM Involvement in Enterprise Growth Initiatives
    • Embrace Change to Support Business Growth
  • Gartner Recommended Reading
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