Are you ready to create your very own 'Vendor Management Ecosystem'?
Does your organization have the resources to put together an effective sourcing governance program and the team set up for success?
Does it even have a vendor management
program?
If not, what steps can your organization take to create
one?
Once that's done, it's important to make sure internal
audit consistently assesses the financial risk management of the organization, so that the process is effectively managed.
But how do you figure out which solution is best for your organization?
And more importantly, how effective are the current processes for managing vendors and contracts?
It's time to check in with your relationship management
metrics to see if they can help improve vendor performance!
Finally, what is the most effective aspect of your current contract management situation?
Once you figure that out, there's no stopping your
organization's success!
Gerard Blokdyk
