Practice 12: Vendor Management
Track the contribution made by your suppliers.
Vendor management is the art of protecting your company’s interests before, during, and after the sale. When you choose an outside provider to handle one or more of your critical business functions, that provider becomes a natural extension of your company. You’ll want to safeguard your brand of service, innovation, risk management and affordability. The One Stop LeaderShop manager training program features a detailed checklist for vendor selection. We’ll cover a few contract basics. Finally, we’ll give you some tools for oversight, including a vendor performance scorecard.
Vendor Management is included under the One Stop LeaderShop mega-heading Cost Management. You might also be interested in learning Practice 10: Budgeting & Forecasting and Practice 11: Equitable Cost Allocation. Be sure to check out the One Stop LeaderShop Workbook. This CD-ROM contains all of the forms and spreadsheets referenced in all 14 One Stop LeaderShop Practices. Put your learning into practice right away!
Cost ManagementCombination Pack (Paperback Edition)
This convenient paperback edition contains One Stop LeaderShop Practice 10: Budgeting & Forecasting, Practice 11: Equitable Cost Allocation and Practice 12: Vendor Management. Effective cost management is the hallmark of a successful organization.
Why Do You Need a Vendor Management Practice?
Vendor relationships, especially the high-risk high-visibility ones, represent one of your company’s most expensive investments. The stakes are high. Mistakes are costly.