Six Key Steps to Developing Effective Vendor Management Governance

Published: 05 April 2017 ID: G00323019


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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

  • 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
© 2017 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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