Vendor Management

VENDOR

Always Forward… KREBS

MANAGEMENT

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering BusinessMeetings

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

• A formalized process of facilitating discussion between your company and its vendors in which current status and strategic planning are the focus.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering BusinessMeetings

Master Contracts

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

• A formalized process of facilitating discussion between your company and its vendors in which current status and strategic planning are the focus.

• A universal form used to document standardized financial terms and agreements to better communicate pertinent information to all parties and vendors.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering BusinessMeetings

Master Contracts

Vendor Portal

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

• A formalized process of facilitating discussion between your company and its vendors in which current status and strategic planning are the focus.

• A universal form used to document standardized financial terms and agreements to better communicate pertinent information to all parties and vendors.

• An informational tool that vendors use to track individual financial performance & facilitate inventory control.

• The visibility allows a vendor to act as an member of your product management team.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering BusinessMeetings

Master Contracts

Vendor Portal RelationshipGuide

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

• A formalized process of facilitating discussion between your company and its vendors in which current status and strategic planning are the focus.

• A universal form used to document standardized financial terms and agreements to better communicate pertinent information to all parties and vendors.

• An informational tool that vendors use to track individual financial performance & facilitate inventory control.

• The visibility allows a vendor to act as an member of your product management team.

• Clearly documents the policies, processes and procedures involved in all aspects of the merchandise acquisition relationship between your company and its vendors.

Always Forward…

VENDOR MANAGEMENT Making the most of your vendor relationships

Scorecard VendorRationalization

Vendor Tiering BusinessMeetings

Master Contracts

Vendor Portal RelationshipGuide

Training

• Provides a tool to evaluate vendor performance against an established goal or business target.

• It permits a vendor to have visibility to their performance and areas of opportunity.

• Allows for evaluation of the vendor base against a set of defined financial criteria.

• Permits strategic consolidation opportunities, which maximizes the return & resource investment.

• Tiering is a strategy that identifies strategic vendor levels and allows your company to better focus time and resource investments.

• A formalized process of facilitating discussion between your company and its vendors in which current status and strategic planning are the focus.

• A universal form used to document standardized financial terms and agreements to better communicate pertinent information to all parties and vendors.

• An informational tool that vendors use to track individual financial performance & facilitate inventory control.

• The visibility allows a vendor to act as an member of your product management team.

• Clearly documents the policies, processes and procedures involved in all aspects of the merchandise acquisition relationship between your company and its vendors.

• Training is necessary internally and externally to manage expectations and to ensure consistency across vendor management strategy.

Want to chat?markkrebs @ windstream.net

Always Forward…