Customizing your Vendor Management Plan

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Can I customize my vendor management plan?

Customizing your Vendor Management Plan

Vendor management firms allow companies to customize their program. This makes it easier to “test drive” vendor management programs before rolling it out to your entire company. Here's a few items to consider when customizing your vendor management plan.

Testing the program. If you aren't sure about vendor management, consider testing the program with a select business unit. This will allow you to get a baseline, measure the success, and roll out vendor management to other business units.

Expanding vendor management. Once you've tested out the program, consider expanding the program to include national management or even having a vendor onsite. This will allow the results to be experienced on a larger scale, producing bigger results.

   

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