Six Key Steps to Developing Effective Vendor Management Governance


Published: 05 April 2017 ID: G00323019

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Summary

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

  • Introduction
  • Analysis
    • 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
  • Case Study
  • Gartner Recommended Reading
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