Featured ResearchBuilding an Effective Vendor Management OfficeFirms are ramping up their vendor management capabilities, specifically in building a vendor management office (VMO). These efforts represent a key part of firms' strategy to bring more maturity and process discipline to IT and take an "activist sourcing" approach. Companies want to drive costs down and drive IT's performance up. Vendor management no longer represents a contracting function in procurement; rather, firms have plans to create full supplier relationship life-cycle governance capabilities. Forrester has identified some key best practices for managing vendors; these include supplier tiering and supplier performance assessments. Featured VideoPreparing To Increase Business Value Through Next-Generation Outsourcing |
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To be successful in today's business environment, Sourcing & Vendor Management professionals should have a solid understanding of the offshore landscape and know how to leverage the associated opportunities to realize true business value — whether it be strategic or financial. Forrester can help you throughout the sourcing life cycle to optimize your:
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Members of the Sourcing & Vendor Management Council are senior sourcing executives with many years of experience in the sourcing role. The council's focus is on sourcing strategy, sourcing execution, and sourcing culture. Members share best practices around selecting the right vendors, managing them effectively, and developing successful sourcing teams — transforming the sourcing function's focus from reducing costs to developing strategic advantage. Contact us to learn more.  |
