With the growing role of vendors in the delivery of IT and business services, vendor management should be considered a core competency of every organization. Vendor management is not just a contracts management function—it’s designed to extract innovation and value, govern the suppliers, and leverage a strategic relationship to bring in new and advanced capabilities to the enterprise.

We guide our clients in the development of a true vendor management strategy that will align vendor success to business value, drive speed and efficiency with external partners, produce innovation that will enable new business models, and provide cost savings to fuel transformation.

 

 

Wavestone VMO Capability Development Process

 

Wavestone VMO Capability Development Process

 

Situation Assessment

Understand executive direction and requirements and build the initial business case.

Direction and Foundation

Develop organizational charter, policies, roles and responsibilities, artifacts, dashboards, and guiding principles.

Service Definition

Develop the scope of services, organizational structure, operating processes, and metrics.

Implementation Roadmap

Develop the implementation plan and execute.

Vendor Strategy and Plan

Perform spend analysis and develop the vendor strategy. Identify opportunities for supplier cost optimization by consolidating existing agreements overlapping technical capabilities.

 

We support our clients in the development of a self-funding vendor management capability through a detailed, step-by-step process from start to finish. Our vendor management capabilities include strategy assessment and design, implementation and optimization, and ongoing management and support.

 
Strategy Brief

Preempt disruption and gain a competitive edge.

Learn how the role of IT leaders is rapidly changing.

Featured Expert


  • Featured Expert - Bill Fowler

    Bill Fowler

    Managing Principal

    • Bill Fowler has designed and led large complex consulting engagements for Fortune 500 clients and has worked on some of the world’s largest outsourcing agreements.
      Read More

 

Contact Us To Learn More

Recommendations


WGroup, a Wavestone Company, Makes the Inc. 5000 List for the Second Consecutive Year

Aug 14, 2019

We're proud to be included among America's fastest-growing companies.

Sink or Swim: IT's New Paradigm Shift

Jul 30, 2019

IT needs a more competitive stroke for its contribution to remain relevant in today's fluid business environment.