- Whether you have a separate IT function for HR technology or it's embedded within your organization’s IT department, rather than simply focusing on procurements, IT organizations must shift their positioning to be relationship strategists when dealing with vendors.
- Adoption of technologies like cloud computing, and reliance on outsourced services is increasing the drive to improve vendor relationship management.
- Many IT departments are achieving at least some positive vendor management outcomes. Deciding what to do next to enhance current capability can be daunting when you look at the number and variety of activities to tackle.
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Our Advice
Critical Insight
- Vendor management can deliver immediate cost savings, but the greatest benefits come from turning vendors into partners who contribute to the future success of your organization.
Impact and Result
- Achieve higher vendor management effectiveness by implementing our action plan to take you through mastering the basics of vendor management to adopting more advanced, strategic practices.