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Formalizing a vendor management program requires creating repeatable and iterative processes, and documenting best practices. Create a comprehensive manual documenting how vendor relationships are established and managed within your organization.

Use this tool to:

  • Standardize vendor contracting, onboarding, and performance evaluation using best practices.
  • Train new hires.
  • Communicate process improvements to executive management.
  • Capture new knowledge from experiences with vendors.

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