Jump Start Your Vendor Management Initiative
Gain fast, measurable results within the first 100 days.
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Many customers experience frustrations and challenges when trying to implement a vendor management initiative.
- No formal vendor management processes or framework
- No vendor management templates or tools manage their vendor relationships
- No objective way to determine the relative importance of their vendors
- Inconsistent expectations internally for a vendor management initiative
- The belief that a formal vendor management office is the only approach to vendor management
The blueprint will help the member plan, build, and run their vendor management initiative; in addition, it will help the vendor management initiative mature over time according to a sustainable timeline that aligns with the organization’s needs and resources.
- A solid foundation for a vendor management initiative that matches the member’s situation
- Tools and templates to help the member manage the relationships with key vendors more effectively
- Allocation of vendor management resources based on each vendor’s importance to the member’s organization
- A cyclical approach to building, maintaining, and growing a vendor management initiative that is right-sized for the member
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Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.
Book NowModule 1: Plan
The Purpose
Getting Organized
Key Benefits Achieved
Defined Roles and Goals for the VMI
| Activities: | Outputs: | |
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| 1.1 | Mission Statement and Goals |
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| 1.2 | Scope |
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| 1.3 | Strengths and Obstacles |
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| 1.4 | Roles and Responsibilities – OIC Chart |
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| 1.5 | Process Mapping |
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| 1.6 | Vendor Inventory Tool (Overview) |
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Module 2: Plan/Build/Run
The Purpose
Build VMI Tools and Templates
Key Benefits Achieved
Configured Tools and Templates for the VMI Based on Its Roles and Goals
| Activities: | Outputs: | |
|---|---|---|
| 2.1 | Maturity Assessment |
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| 2.2 | Structure and Job Descriptions |
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| 2.3 | Attributes of a Valuable Vendor |
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| 2.4 | Classification Model |
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| 2.5 | Risk Assessment Tool |
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| 2.6 | Scorecards and Feedback |
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| 2.7 | Business Alignment Meeting Agenda |
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Module 3: Build/Run
The Purpose
Continue Building VMI Tools and Templates
Key Benefits Achieved
Configured Tools and Templates for the VMI Based on Its Roles and Goals
| Activities: | Outputs: | |
|---|---|---|
| 3.1 | Relationship Alignment Document |
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| 3.2 | Vendor Orientation |
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| 3.3 | Policies and Procedures |
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| 3.4 | 3-Year Roadmap |
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| 3.5 | 90-Day Plan |
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| 3.6 | Quick Wins |
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| 3.7 | Reports |
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| 3.8 | Kickoff Meeting |
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Module 4: Review
The Purpose
Review the Past 12 Months of VMI Operations and Improve
Key Benefits Achieved
Keeping the VMI Aligned With the Organization’s Goals and Ensuring the VMI Is Leveraging Leading Practices
| Activities: | Outputs: | |
|---|---|---|
| 4.1 | Develop/Improve Vendor Relationships. |
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| 4.2 | Assess Compliance. |
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| 4.3 | Incorporate Leading Practices. |
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| 4.4 | Leverage Lessons Learned. |
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| 4.5 | Maintain Internal Alignment. |
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| 4.6 | Update Governances. |
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