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Vendor Management Framework

A structured approach to selecting, managing, and evaluating vendors to ensure cost-efficiency, quality, and long-term reliability.

30,500 DKK

Price is exclusive of tax

Vendor relationships are critical to business success, yet many companies lack a structured way to manage them effectively.

My Vendor Management Framework service provides a strategic approach to selecting, negotiating with, and overseeing vendors to ensure optimal service quality and cost efficiency.

By creating a structured evaluation process, businesses can improve vendor accountability, negotiate better terms, and reduce the risks associated with external dependencies.

Process:

  1. Current Vendor Assessment
    • Evaluating existing vendor agreements, performance, and cost structures.
    • Identifying inefficiencies and areas for cost savings.
  2. Vendor Selection & Evaluation Criteria
    • Establishing a clear framework for choosing vendors based on quality, price, and strategic fit.
    • Creating an objective scoring system for vendor performance.
  3. Contract Negotiation & Risk Mitigation
    • Developing negotiation strategies to secure better pricing and terms.
    • Identifying hidden risks in vendor contracts and how to address them.
  4. Ongoing Performance Tracking
    • Setting up key performance indicators (KPIs) to monitor vendor service quality.
    • Creating a review process to ensure continued vendor accountability.

Output:

  • Vendor Selection & Management Guide
    • A structured framework for evaluating and managing vendors.
  • Contract Risk Assessment Report
    • An analysis of vendor agreements highlighting risks and improvement areas.
  • Performance Monitoring Framework
    • A system for tracking and evaluating vendor service levels.

Note: The complexity of vendor relationships varies by industry and business size. Pricing may be adjusted for companies with multiple vendor contracts requiring deep analysis.

Contact

I focus on value, not hours