VMO Strategy & Design
Organizations that practice good governance typically display a set of common attributes. ISG has years of experience in designing and executing on vendor management programs to know which attributes lead to success. We can help you design and optimize a vendor management office (VMO) strategy to maximize the value from your vendor relationships.
Want help designing your VMO staffing? Want to participate in a VMO strategy building workshop for detailed analysis & actions custom to your organization?
What's the value of designing a vendor management strategy?
A formal governance operating model helps companies to realize value and reduce disputes and conflict in their relationships. When you grow your governance maturity, your organization can save money, reduce provider relationship challenges, improve services and enable innovation. ISG helps you design a vendor management office that identifies and delivers business value proactively. Here's how we do it:
- Defining your VMO objectives: We work with you to identify and document your governance goals.
- Develop a VMO strategy: Then we leverage our best practices' expertise to create a VMO strategy and roadmap that is centered around accomplishing your short-term and long-term goals.
- VMO implementation options: To ensure you get the best value out of your VMO, ISG develops VMO implementation scenarios, including multiple VMO options, each with an operating model, maturity and time to realization, a business case, costs to operate, ability to scale, and our recommendations.
ISG comes armed with 20+ years of supplier & contract management experience and transaction data. We measure our findings about your VMO against objective standards, rate your maturity and pair these findings with our advisory expertise to immediately create actionable insights for improvement.
To better manage your vendors and get the full value out of your partner ecosystem, ISG offers solutions depending on your level of subject matter expertise and staffing:
Pure platform: ISG GovernXA SaaS platform that governs all third-party relationships & risk. It's the only contract lifecycle management platform using +20 yrs of supplier management processes & transaction data. | Platform + AdvisoryOur self-service complete vendor management platform, ISG GovernX®, plus expert supplier & contract management advisory services, custom to your needs. | Vendor Management as a ServiceISG builds/assesses, runs and optimizes your vendor management office, including staffing, subject matter expertise and proven tools & methodologies. |
