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When considering vendor management, there are many options. For example, you can allow management of a few activities or have a vendor on site – the choice is yours. But, before choosing an option, it helps to have a quick breakdown.
Support of select activities. When starting out with a vendor management firm, some companies elect to have the manager take care of a few activities. This is a good way to test out a company, and measure the results of the success.
Business unit or divisional workforce. A firm can also elect to use vendor management for a single unit or divisional workforce. This can be a “pilot program,” which can be rolled out to other business units once success is experienced.
Vendor on Premise. Companies that are experiencing rapid growth should consider having a vendor on premise. This allows the vendor to be a seamless extension of your company, and provides more opportunities for success.