Gartner Research

Bimodal Vendor Management Reduces Risks and Enables Rapid Digital Business Transformation

Published: 25 September 2015

ID: G00278206

Analyst(s): Gayla Sullivan

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
  • Key Challenges

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

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