Establish a Sustainable Vendor Management Office – Phase 3: Develop Vendor Management Governance

Author(s): Scott Bickley, Laura Trabucco

Now that you've defined your vendor management goals it's time to look inwards at your stakeholders. Building strong relationships internally and gaining process buy-in is essential to your VMO's success. This phase will take you through the following activities:

  • Clarify Value Proposition
  • Establish Value Metrics
  • Launch Internal Roadshow

Use this phase as part of the full blueprint, Establish a Sustainable Vendor Management Office.

Tags

VMO, Vendor management, vendor management office, vendor management process, stakeholder buy-in, vendor management governance, vendor management org design, vendor management staffing model, vendor management 101, vendor managers, vendor management core competencies

View the Complete Blueprint:

Thought model representing Establish a Sustainable Vendor Management Office

Establish a Sustainable Vendor Management Office

Lay the foundation for a vendor management process that is built to last.

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