Elevate Your Vendor Management Initiative – Phase 1

Author(s): Phil Bode

This phase helps the VMI stay focused and aligned by reviewing existing materials, updating the existing maturity assessment, and ensuring that the foundational elements of the VMI are up to date. The main outcomes from this phase are a current maturity assessment and updated or revised Plan documents.

Tags

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

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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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