Elevate – COST Model Vendor Classification Tool

Author(s): Phil Bode

This classic 2x2 vendor classification tool provides an objective way to easily categorize your vendors based on the impact they have on your organization using 6 criticality variables and 3 spend variable. Since all of your vendors are not of equal importance, the output of this tool allows you to allocate the appropriate level of resources to manage each vendor relationship.

Tags

Vendor management, VRM, SRM, supplier management, performance management, Measuring Vendors, vendor risk, Managing Vendors, vendor relationship management, VMO, Supplier Relationship Management

View the Complete Blueprint:

Thought model representing Elevate Your Vendor Management Initiative

Elevate Your Vendor Management Initiative

Transform your VMI from tactical to strategic to maximize its impact and value.

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