Vendor Management

Do YOU need Vendor Management assistance?

Managing vendors, to ensure they are committed to the relationship with your agency, and to ensure they deliver, is key to getting better outcomes. We can help!

Managing vendors, to ensure they are committed to the relationship with your agency is key to getting better outcomes. We can provide vendor managers or vendor management assistance to help you build better more productive relationships with your vendors.

Vendor management is not just undertaking sourcing activities, getting quotes, and purchasing products or services and reporting on deliverables - thats really a contract management function.

Vendor management is more strategic. It involves establishing a positive working relationship with suppliers, dealing with unsolicited bids and proposals, discussing future opportunities for vendors, working out which vendors should do which pieces of work, being a point of contact so vendors can be heard, resolving any issues, dealing with disputes and ensuring that vendors will want to work with your agency - as this can definitely ensure that vendors provide the ‘A’ team to your agency.

Basically vendor management is Contract Management on steroids.

Appropriately skilled vendor managers or getting vendor management assistance can help you build better more productive relationships with your vendors - this will go a long way to ensuring that your agency gets better or more timely goods and services and the built up ‘good faith’ could come in very handy if a dispute arises. We know. We’ve helped make it happen.

Benefits of Vendor Management

Vendor management should be front and centre for all agencies. Why?

Well if you appropriately manage your vendors and there is mutual trust and respect then you will be streets ahead when it comes to ensuring you are getting value for money particularly when something unplanned arises that has the ability to negatively impact budge or timelines.

Also if you have a pool of capable vendors who have bought into, and are willing to help your agency achieve its ‘mission’, then it will not be overly difficult to get the best out of your vendors. Getting the best out of your vendors will in turn mean that your agency gets the best possible result with the relevant project. True story. We’ve seen it before.

The top benefits of getting vendor management assistance include the following:

Better quality of vendors who are motivated to help your agency achieve its mission
Easier to resolve and deal with disputes
Easier to get a better project outcome
Improved vendor relationships
Win-win situation for both the vendor and the agency.