Maximize Your Investment inVendor Management Technology
Vendor Centric provides independent advice and support to help you select, implement and optimize the right vendor management technology solutions.
Vendor management technology is complex, encompassing the three operational areas of procurement, contract management, and third-party risk management. Finding the right solutions and then getting them all to work together is a big challenge.
Our consultants know the vendor management software marketplace. We’ll help you find, implement and optimize the best technology for your organization.
Planning and Requirements Development
Need vendor management technology but not sure where to start?
Our Planning and Requirements Development Services bring strategy to the process by examining your current systems, data, and business processes to fully understand your needs. We then help craft your functional, technical, and implementation requirements so you can narrow the market and communicate your needs clearly to prospective vendors.
RFP Management and Software Selection
So much rides on selecting the right vendor management software.
Vendor Centric knows the vendor management software market. Our RFP Management and Software Selection Services take you from market assessment to RFP management and all the way through due diligence and system selection. We’ll help you find the right solution – and technology partner – for your unique requirements, culture, and budget.
We hired Vendor Centric to help establish a new vendor management office from the ground up. They helped take us from strategy to initial operations in roughly six months. We couldn’t have done it without them.
Given the complexity of Virgin Galactic’s supply chain operation, and competing demands on our own time, we needed a partner to help us establish scalable policies, procedures, and infrastructure to support our rapidly expanding supplier management operations. We were fortunate to find Vendor Centric. In addition to guiding us through the strategic thinking, they rolled-up their sleeves to help us create documentation and operationalize all of our supplier activities.
Our operations were so complex with so many moving parts, we knew that we needed a partner to support us through the process. With Vendor Centric’s expertise in contract management, and knowledge of our industry, they were a clear choice to support us through our transformation journey.
The efficiencies and cost savings from our work with Vendor Centric improved the University’s bottom line and allowed us to reinvest savings into programs that directly impacted our students.
The Vendor Centric team had outstanding recommendations for our procurement program based on their work with similar organizations and knowledge of industry standards and best practices. They were highly professional, providing not only technical support but also ensuring that we completed the project in a timely manner and all employees were trained to implement the new procedures.
Given the urgency of strengthening supplier risk management, we needed an advisor with proven expertise in third-party risk management, and knowledge of our industry regulations to ensure we would have a best-in-class operation to carry us forward for years to come. I am grateful to the team at Vendor Centric for being that advisor and helping us successfully complete this important initiative.
Vendor Centric helped us design and operationalize our end-to-end vendor management program. We now have policies, procedures and a system to support all of our activities, and a program that complies with regulations.
I was operating with a really small team. Vendor Centric got this right away, and designed their approach to ensure we right-sized our policies and procedures.
Vendor Centric’s approach was comprehensive yet practical. Their team ensured we covered all of the procurement regulations and guided us through a process to not only prepare for compliance but also operate more efficiently and effectively through the implementation of a new system to support procurement, compliance and contract management.
Metrics and Report Development
Make data-driven decisions by getting the right reports with the right metrics.
Our Metrics and Report Development Services help you define the right key indicators for performance, risk, and spend, and create the appropriate reports for the right stakeholders, keeping everyone informed and ensuring data-driven decisions are made.
Software Implementation Support
Implementing new software requires specialized skills and meticulous planning.
Our Software Implementation Support Services provide the implementation and project management support you need. We’ll guide you through a comprehensive planning process, liaise with your software provider on your behalf and serve as your project manager to keep your implementation on time and within budget.
New software is only the first step – the end goal is to drive efficiencies and make data-driven decisions to enable the business.
Our Technology Optimization Services help you improve adoption, enrich data, and leverage reporting to make data-driven decisions and create measurable value across the organization.
Data Governance and Enrichment
You need reliable data you can count on about your vendors and third parties.
Our Data Governance and Enrichment Services ensure your own data is complete and reliable and that you incorporate the right external data about third parties, such as cybersecurity, financial health, and sanctions screening information, so you have a full picture.
Consulting Services to Support Your Journey
We provide a full suite of consulting services to support you at each stage in your journey. From initial assessments to building your infrastructure to optimizing your operations, we’ve got you covered.
Ready to Get Started?
We know the market when it comes to vendor management technology. Our team of independent advocates help you find and implement the right solutions in the near term and maximize your technology investment for the long term.