You’re struggling to manage vendor performance. How can you ensure you’re getting the best results?
Vendor management is a crucial skill for any professional who works with external partners, suppliers, or contractors. It involves selecting, contracting, monitoring, and evaluating the performance of vendors who provide goods or services to your organization. However, vendor management can also be challenging, especially if you have multiple vendors, complex projects, or high expectations. How can you ensure that you are getting the best results from your vendors and avoid common pitfalls? Here are some tips to help you improve your vendor management skills and outcomes.