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With so many vendor management firms offering services, it can be difficult to choose which is right for your company. Once you've set up a few interviews, it helps to prepare questions. This will allow you to better compare services and features between companies. Here are a few tips to consider.
Ask about technology. Some firms have more advanced technology tools, which can enhance productivity and savings.
Determine your vendor management needs. A company that is growing rapidly will have different needs then other firms. Make sure to outline your needs to the vendor management company, and ask them to come up with a custom plan.
Discuss measurement tools. Measurement of vendor management is an important component to success. Ask what tools are available, and processes for making adjustments to the plan.