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
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.
Develop the scope of services, organizational structure, operating processes, and metrics.
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.
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 He is committed to helping clients develop effective, sustainable sourcing solutions that align with their strategic and operational objectives.
- 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.
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