Vendor Management Process

An essential asset in the Procurement and Strategic Sourcing presentation is the 'Vendor Management Process' slide. Incorporating a detailed infographic, this slide deeply delves into potent strategies like search for prospective suppliers, performance monitoring, remediation, and vendor selection through tender evaluations. It also focuses on defining tailored requirements to streamline the sourcing process. A go-to for those seeking to bolster their vendor management skills and procure more efficiently. This slide unpacks the complexities of the process, offering clear directives to surmount procurement challenges.