Vendor Sourcing

Vendor Management is one of the key management competencies needed to successfully execute outsourcing, off-shoring, and other service sourcing strategies in an organization

Why do we purchase services ?

  • To maintain business FOCUS, outsource activities that are not central or core to the mission of the organization
  • To deliver EFFICIENCY, outsource activities that require skills that are not best practice in the organization
  • To SPEED the introduction of change, outsource activities where the organization lacks resources, knowledge or competencies
    • To conserve CAPITAL, outsource activities that require investment that will not benefit the ongoing business success factors
  • The management of the relationship
  • The staffing of the relationship
  • The quality of the service or product
  • The confidentiality and protection of businesses information, knowledge, assets, and intellectual property