This Article 
   
 Share 
   
 Bibliographic References 
   
 Add to: 
 
Digg
Furl
Spurl
Blink
Simpy
Google
Del.icio.us
Y!MyWeb
 
 Search 
   
Vendor Management
Nov.-Dec. 2013 (vol. 15 no. 6)
pp. 72
Tom Costello, UpStreme
This article briefly outlines the four significant stages of a vendor management program (strategic fit, selection and contract, execution, and renewal), along with useful components and recommended actions for each stage. In addition to tactical steps, critical strategic theory and best practices are outlined. Organizations can use this article for assessing the state of their existing vendor program, as well as incremental steps for overall program improvement.
Index Terms:
Managemenet,Strategic planning,sunset reviews,vendor management,RACI,PMO,outsourcing,strategic vendor,RFP,escalation,change management,vendor contracts,contract compliance,performance measurement,resolution management
Citation:
Tom Costello, "Vendor Management," IT Professional, vol. 15, no. 6, pp. 72, Nov.-Dec. 2013, doi:10.1109/MITP.2013.101
Usage of this product signifies your acceptance of the Terms of Use.