The Now Platform® Washington DC release is live. Watch now!
There’s been a lot of buzz about digital transformation in the marketplace and how it can transform your organization. However, what about the vendors and suppliers that contribute to your organization? Aren’t they key components of catalyzing digital transformation in your organization? As per Gartner – yes they are. As organizations hire additional vendors, “Vendor management leaders are becoming increasingly important as they represent the critical link between organizations' internal capabilities and the external digital business ecosystem. They are accountable for developing and deploying strategies to acquire and manage IT services and products from internal and external providers to drive successful business outcomes."
So how do you ensure you’re deriving as much value as you can from your relationships with your vendors? How do you ensure you’re both driving towards the same goal?
If you attended Knowledge19, you may have seen the preview for Vendor Manager Workspace in our Chief Product Officer, CJ Desai’s product keynote. He spoke about the launch of a net new application in the New York release called the Vendor Manager Workspace, your one-stop shop to manage vendors.
Our target problem space:
Effectively managing vendors is an age-old problem that’s still impacting organizations today.
With these 3 combined, it makes it difficult to objectively assess a vendor’s performance which can include performance based on quantitative and qualitative factors such as their responsiveness, the ability to resolve issues, stakeholder’s satisfaction with collaborating with the vendor and so forth. Also, if you’ve adopted a regional procurement or sourcing strategy, it’s difficult to ensure each team is leveraging the same framework to assess vendors so that they can be compared.
The Solution:
The Vendor Manager Workspace provides a standardized and scalable solution to manage your vendors and address the pain points above.
You can now redirect the time you and your team spent focusing on manual, redundant tasks to more strategic items such as fostering a more fruitful relationship with your vendors.
Let’s take a deeper look into the Vendor Manager Workspace:
Vendor Directory
Vendor Profile
Vendor Profile - Breakdowns
Vendor Manager Workspace Integrations
We’ve integrated our application with other key applications such as:
- Service Portfolio Management, which enables you to collect service offering performance data and view active service offerings
- Contract Management, which enables you to view the vendor’s active contracts
- And more!
The Vendor Manager Workspace is your one-stop shop for vendor management activities. For more information, you can visit the following links:
...........................................................................................................................................................................................................
The Now Platform New York release delivers breakthrough innovations in enterprise mobile, intelligence, and workspaces. Join the broadcast to see how you can take advantage of these innovations and have an even bigger impact in your organization.
............................................................................................................................................................................................................
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.