Category Archives: Vendor Management

How to Launch a Vendor Management Office and Get It Right

Once your organization reaches a tipping point, you'll get a strong ROI from creating a vendor management office (VMO). Although the tipping point varies by organization, Forrester reports that 39 percent of companies with at least 1,000 employees have a VMO, as do about half of companies with at least 5,000 employees.

An effective VMO goes beyond basic procurement functions to deliver strategic value by optimizing...

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