Vendor management (VM) skills will be in high demand in the future. Knowing what skills your team has and where the gaps are is crucial to planning for your VM function.

This tool will help inventory the VM skills (and skill levels) that your team has as its disposal, and highlight the gaps that should be addressed through competency development or acquisition through hiring or staff augmentation.

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Get Ready for the Evolution of Vendor Management

VM needs to advance to cope with the evolving and changing business/IT environment.

Solution Set Steps

  1. Understand the trends that are shaping the evolution of vendor management
  2. Create a VM capability improvement plan
  3. Establish the fundamentals
    • Vendor Management Skills Inventory Tool
  4. Build in cloud-proofing
  5. Pilot third-party VM services
  6. Future-proof VM


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