Build More Value
with Your Vendors

Vendor relationships are some of the most complex to manage. It's not enough to simply focus on managing costs. Vendors carry a variety of compliance, risk and performance issues that need to also be managed in a proactive, disciplined way. That's where Vendor Centric can help.

Our vendor management consulting services will help you drive more value from your vendors by implementing a sound strategy coupled with the right policies, procedures, systems and reporting. Our unique approach to vendor lifecycle management allows you to plan around the end-to-end relationship with your vendor, and ensure activities are coordinated and aligned to control costs, manage compliance, reduce risk and improve performance.

Vendor Management Consulting

Areas in which our vendor management consultants can help:
  • Sourcing strategies and vendor consolidation

  • RFP management and vendor selection

  • Contract negotiation

  • Cost reduction

  • Policy development

  • Process improvement, scalability and automation

  • Process outsourcing strategies & implementation

  • Process standardization & documentation

  • Vendor risk assessments

  • Contract compliance audits

  • Vendor management software implementation

Common challenges that can be addressed through better vendor management:
  • You have pressure to reduce operating costs or improve profitability

  • Purchasing is decentralized making it difficult to have visibility into purchasing data

  • Buyers have lots of autonomy in their purchasing decisions making it difficult to implement a common sourcing strategy

  • You experience recurring problems with key vendors that go unsolved

  • You are concerned about operational risk because you've outsourced key parts of your operations

  • You have limited visibility into contracts with vendors, contractors and consultants

  • You are concerned about performance because you don't have dedicated resources that continually review your vendor portfolio and purchasing practices

Next Steps

or call us with questions at (240) 813-1170

RELATED RESOURCES

Success Stories

 

Learn more about some of the projects we've had the opportunity to work on with our clients and partners.

 

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Rethinking Vendors

 

Our flagship publication shares our philosophy on the power and untapped value of vendor relationships.

 

Download Free eBook

Tools & Tips

 

Check out our latest tools, tips and resources for getting more from your vendor relationships.

 

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Interested in learning more?

 

Contact Us

9841 Washingtonian Boulevard Suite 200 Gaithersburg, Maryland 20878

 

(240) 813-1170

 

info@vendorcentric.com

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