Block new vendors - we have enough approved ones13%

Be open to new vendors but err toward existing/approved ones68%

Welcome new vendors and make it easy to onboard / procure17%

Other (please comment)1%

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CIO, Senior VP in Finance (non-banking)5 years ago

too much risk in a new vendor.

CIO in Education5 years ago

My mindset is improvement - established, new, approved, yet to be approved vendors - not my focus. Whatever is smarter, better, more sustainable and scalable - the procurement piece is not a high priority. Is something different a best next step? I’ll handle it. I don’t support complacency for convenience.

Director in Manufacturing5 years ago

All in favor of new vendors but the goal is absolutely less vendors overall. On board one new one, consolidated off of at least 3 others. Less is more as long as you have a methodical way to look a new options and trim lower value options

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