Vendor Management Myths Dispelled in New Advisory Note From Info-Tech Research Group

Key Facts

This new research note provides IT professionals an overview of vendor management, its challenges, benefits, and best practices to help organizations develop a practical approach configurable to any situation.
According to the firm's research, many organizations are unable to implement a robust vendor management office (VMO), as it can be a large-scale and resource-intensive project.
To help IT teams create a more consistent and efficient approach to vendor management, Info-Tech developed a Five–Towers–of–Excellence framework.
"While it is not necessary to incorporate all of the Towers, the more elements and Towers present in a vendor management initiative, the more strategic and impactful it can become."