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Dependency on technology vendors is increasing, but inconsistent vendor management governance impedes the achievement of strategic and operational objectives. Sourcing and vendor management leaders can create sustainable vendor management governance by following these key steps.
Table of Contents
Invest in and Promote Vendor Management Governance as an Executive Mandate
Establish Vendor Management Governance and Create the Basis for Consistent Vendor Management Operations
- Step 1: Establish Clear Authority for Vendor Management Governance
- Step 2: Document the Mission and Charter
- Step 3: Design the Organization Model
- Step 4: Establish Vendor Management Policies
- Step 5: Establish Vendor Management Processes
- Step 6: Establish Demand Governance
Unleash the Creativity and Innovation From Niche and Digital Business Vendors
- Invest in and Promote Vendor Management Governance as an Executive Mandate
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