United States

Getting a handle on IT supplier management

Establishing an IT Vendor Management Office (VMO) helps create value and transparency

IT organizations typically must manage a wide variety of suppliers, while adapting to ever-changing marketing conditions. Overseeing this large and varied supplier base poses a number of challenges, particularly in the areas of managing risk, accountability, and extracting maximum value, to name a few.

That is why leading supplier management organizations are more than twice as likely to manage suppliers through a single IT Vendor Management Office (VMO). Because it can help ensure contracts are managed appropriately depending on their nature and complexity, a VMO approach is gaining traction among IT managers.

A VMO can help reduce the number of IT suppliers, shorten the contract creation cycle, and reduce the number of critical issues escalated, while tightening governance, enhancing efficiencies, and lowering costs.

Read the article

Getting a handle on IT supplier management

 

Additional Insight

Access the related podcast, Today’s vendor management organizations need a super-sized lasso.

Today's dynamic market conditions and frequent changes in organizational strategy necessitate a proactive and flexible approach to governing global services. More from KPMG on governing global services.