Optimizing Vendor Governance: Defining Value in Vendor Relationships

Optimizing Vendor Governance: Defining Value in Vendor Relationships To establish a strategic approach to vendor management, it is crucial to begin by defining the desired outcomes and value you expect from vendor relationships. This definition acts as a guiding principle, facilitating better conversations and communication with vendors regarding your expectations and desired behavior. While theContinue reading “Optimizing Vendor Governance: Defining Value in Vendor Relationships”

Optimizing Vendor Management with AI-Powered CLMS Solutions

Learn how AI-powered CLMS solutions can optimize vendor management, streamline contract categorization, and ensure compliance with data privacy regulations. LinkSquares offers a user-friendly portal with intelligent automation, data categorization, and advanced analytics capabilities to simplify the vendor management process and save time and resources. Discover the benefits of automating vendor management with LinkSquares or another AI-powered solution.

Vendor Management Skills

Vendor Management Skills vs. Team Management Skills Many IT leaders struggle with the transition from managing internal delivery teams to managing an external service provider. They can hamstring the vendor and limit their effectiveness by micromanaging, meddling, or nitpicking the way the service is delivered. Managed services agreements include the “Management of the Service.” DuplicatingContinue reading “Vendor Management Skills”

Misalignment between vendor goals and business objectives

Misalignment between vendor goals and business objectives In theory, what we expect of technology vendors should be in alignment with what the business expects and needs of the technology function. If we work to improve vendor performance, the business should be in a better position to meet financial objectives and serve our stakeholders. Otherwise, whyContinue reading “Misalignment between vendor goals and business objectives”