Raise’s Post

This is one of the most asked questions we hear when talking to those who are new to or inquiring about a direct sourcing solution. Contact us to book a workshop where we will help you understand the importance of WHY before getting to HOW when it comes to designing and implementing a direct sourcing strategy.

I don't post often but wanted to publicly say something. I really appreciate vendors that prioritize integrations with other vendors and provide "out of the box" standard connections. When vendors create partnerships, it creates a sensible ecosystem that works well together. Each product has it's strengths and weak points, and there is a world in which there is a win/win of integrated systems meeting different needs. When i review vendors, one of my top considerations is whether I'm going to have data silos or if i can make a system work in overall context at the organization. In summary, those vendors that do top-notch integration work make it possible for great things to happen in government. Thank you! (Obligatory note that my opinions are my own and not neccessarily representative of the organization i work for.)

The #1 mistake in vendor management? Thinking that your vendors are just an expense. They're not. Vendors represent an opportunity to: - improve quality & efficiency - reduce risk - enhance competitive advantage - tap into external expertise It's essential to view vendors as key partners in your organization's success. Here's how: - Understand their goals & motivations - Communicate clearly & regularly - Leverage their knowledge & resources - Hold them accountable to their commitments By treating your vendors as partners, you'll build stronger relationships that deliver better results. #VendorManagement #StrategicPartnerships #SupplyChainInnovation #RiskReduction #CompetitiveAdvantage #SupplierRelationships #ProcurementStrategy #PartnershipDevelopment

🏢 Your business is becoming increasingly dependent on specialized technological services and therefore, on external vendors. ⚠️ The level of risk in the marketplace increases as vendor services expand. It is critical, now more than ever, to be able to rely on your product and service providers, and to focus efforts on where you can get the largest return on your investment in third-party products and services. Successful vendor management teams regularly assess vendor contracts 📜, hold vendors accountable over time ⏳, and maintain relationships with their vendors 🤝. Vendor management is the answer to understanding who your vendors are, mastering your vendor contracts, and controlling your technology spending. ✨ At Blue Tree, we have developed a robust life cycle approach to helping organizations think about how they are deploying technology, making buying decisions, and managing technology. ✨ We have also created a proprietary Vendor Management system and have a formal process for ensuring that plans are sustainable and scalable. If you’re looking for a team of experts to implement a Vendor Management program within your organization, please reach out. We’re ready to help! A comprehensive Vendor Management program is essential for growing and protecting your business, especially for long-term success. #VendorManagement #TechnologyStrategy #BusinessSolutions #Expertise #StayConfident #StayAhead #ProblemSolvers

Challenges in Procurement: Securing authentic vendors has been a persistent hurdle for many businesses. The quest for reliability and quality remains a top priority in today's dynamic market. At Venture Foster Group, we understand the pivotal role trusted vendors play in driving business success. Our approach centers on fostering robust partnerships that deliver authenticity and reliability. Our team leverages in managing with vendors and we have a great number of vendors working for us to ensure our clients connect with vendors who meet stringent standards. Navigating the vendor landscape can be daunting, but it doesn't have to be. Through our expertise in online business, we've assisted numerous businesses in finding dependable partners, empowering them to focus on their core objectives. Let's transform procurement challenges into opportunities. Connect with us to explore how our tailored solutions can streamline your vendor selection process. #VendorManagement #BusinessSolutions #ProcurementStrategies

Vendor portals are a game changer for procurement teams. (but not enough of you know about them) A vendor portal creates a central place for you to collaborate with your vendors. It empowers them. It frees you of constant comms. It creates proactive vendor relationships. Not reactive email-strewn relationships that feel transactional 🤮 Not to mention that compliance is drastically enhanced. Are you making use of a vendor portal?

Think about how much time you spend acquiring new vendors. Now think about how much time you spend managing them. If you're spending more time on the former, you're in trouble. Effective vendor management is the key to getting the most out of your suppliers. - Clear communication - Transparent expectations - Consistent check-ins These are the hallmarks of good vendor management. And the benefits are clear: - Better quality products - On-time delivery - Lower costs So don't overlook the importance of vendor management. Make it a priority, and reap the rewards.

Want to know the secret to vendor management? It's not rocket science! Treat vendors like they're your customers. - Listen to their needs - Collaborate with them - Create mutually beneficial relationships - Keep them informed - Be honest and transparent Vendors want to work with customers who respect them, value their input, and communicate effectively. They also want to work with customers who are committed to building long-term relationships. So, if you want to attract the best vendors and get the best deals, treat them like you would treat your best customers. It's that simple!

Continuing our discussion on vendor evaluation... Here's an approach I've found effective in helping clients make better decisions: ➡️Share a comprehensive list of evaluation criteria (10+) ➡️Ask clients to rank these based on their priorities ➡️Confirm and align these priorities with all stakeholders ➡️Focus your proposal on addressing their top 3 criteria This method not only aids clients but positions you as a trusted advisor. What strategies do you use to help clients evaluate objectively? #B2BSales #ConsultativeSelling

We’re seeing a significant increase in the pressure put on IT sourcing/procurement leaders and their teams to drive new savings & efficiency across all of their technology purchases. We can help benchmark your hardware, software and services spend with IDC Sourcing & Advisory Services.