Vendor Classification Tool

Author(s): Steve Jeffery

Use this tool to classify your top ten vendors as Commodity, Operational, Strategic or Tactical (COST) in a 2x2 quadrant. Classifying your top ten vendors to create a vendor management plan to better focus your attention where needed and validate why your efforts are being spent on a particular vendor.

Tags

Suppliers, supplier management, supplier optimization, vendor classification, supplier classification, sourcing, outsourcing, procurement, supplier, contract, contracting, transitioning, transition, governance, tiers, tiering, scorecard, evaluation, assessment, classification, VMO

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Thought model representing Manage Your Vendors Before They Manage You

Manage Your Vendors Before They Manage You

Maximize the value of vendor relationships.

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