Evaluating your current vendor management initiatives is essential to understanding your current landscape of your vendor community and your organization's vendor management maturity. This phase will take you through the following activities:
- Configure your maturity assessment
- Identify the attributes that make a vendor valuable
- Classify your vendor into one of four categories: Commodity, Operational, Strategic, and Tactical (COST)
Use this phase as part of the full blueprint Jump Start Your Vendor Management Initiative.