Project Management Business Improvement Business Management Coaching

Deliverables

Business Rationale
Risk Management Plan
Requirements
Request for Information or Request for Proposal
Vendor Selection Approach
Vendor Evaluation Scorecard
Vendor Relationship Transition Plan

Vender Selection and Management

Choosing a vendor partner can be a make or break decision that directly impacts your company’s bottom line. That’s why it’s critical to develop a vendor selection and management infrastructure that will help you make the right decision and better manage your investment.

At LeadVantage Consulting, we have extensive experience managing vendor selection and management efforts for clients who need to choose the right partner for internal projects and programs. Whether you’re looking for technology, outsourcing, or other vendors, LeadVantage Consulting uses qualitative and quantitative techniques to help you define your business needs and assess the vendor that best meets those needs. LeadVantage Consulting’s Project Management Office (PMO) service will help you manage your vendor(s) and ensure you are receiving all of the benefits from that partnership.

Do any of these issues sound familiar? If so, we can help!

Do you have a business need, but aren't sure how to find the right company to partner with?
Have you brought a vendor onboard only to find out that they haven’t done that type of work before or make commitments they can’t keep, jeopardizing your ability to meet your objectives?
Have you hired a vendor and ended up doing most of their work?
Do you find that you barely have enough time to do your regular full-time job, let alone manage a vendor?

Approach

Establishing a strong partnership with a vendor can be made much easier when following a disciplined process. The LeadVantage Consulting method is based on the following

Develop the Business Rationale

Document the objectives for the project and quantify the benefits of pursuing a project vendor
Identify and mitigate risks associated with selecting a vendor versus completing the work internally

Define Requirements

Document detailed business requirements (may include technical requirements as well)
Create a vendor scorecard based on the business requirements
Define the vendor selection approach
Identify potential vendors

Assess and Select Vendor

Create the Request for Proposal (RFP) or Request for Information (RFI)
Evaluate vendors
Select vendors
Support contract negotiations

Manage the Relationship

Ensure commitments and service levels are met
Transition vendor relationship and management to the client

Let's Discuss How LeadVantage Consulting Can Improve Your Business