Many times I am asked, What is Vendor Management?
And after 20 years in the business, I can tell you that it’s a game changer for any IT Organization! Vendor Management can help you build strong IT Partnerships with your Top Partners & Vendors, create Strategies, help manage your Contract Lifecycle and bring Cost savings.
The function is usually sitting in the IT Organization and is focusing on your most important IT Partners & Vendors:
- Such as your OS, Cloud computing, ERP, CRM, Network, Workplace, IT Services or Critical Applications Vendors.
- And even others, depending of your Company profile and IT maturity level.
Key areas & capabilities:
- Vendor Segmentation
- Vendor Strategies
- Contract Management
- Commercials
- Governance & Relationship
How do you know which one is a Strategic Vendor and how to classify between IT Partners, Vendors and Suppliers? I will write more in my future Blog, so stay tuned.
But before I close, don’t forget, IT Vendor Management is critical for any medium and large Company and it can bring amazing Benefits, such as:
- Transparency
- Optimization
- Cost Reduction
- Predictability
- Business relationships
So, are you ready to gain those Benefits? Do you already have an IT Vendor Management Organization? What else would you like to know about it? I am curious about your thoughts, so please leave me your comments!
Thank you!
Let's talk Business! 
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