Report written by Valeria Nanni.
If you have recently decided to revolutionize your vendor management setup or implement one for the very first time, you know very well how overwhelming it can be. So what’s the best way to go about it?
Unsurprisingly, it all starts with a plan. There never seems to be enough hours in the day for detailed planning, but starting with a written strategy plan is an invaluable use of your time that will pay dividends down the road. It will reduce risks, speed things up by making pain points and blockers easier to identify, and ultimately set you up for success. Make it as small or as big as necessary, depending on how ambitious you want to be. To make this process easier, we put some pointers together for you to lean on in order to implement your own vision.
It’s true, every situation is unique, but you want to make sure you cover some fundamental bases.
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