Vendor Management Advisory & Staff Augmentation Services
Get flexible, scalable vendor management expertise to maximize your team’s capabilities and expedite the completion of special projects.
Access Specialized Skills and On-Demand Support to Fill Resourcing Needs Cost Effectively
Vendor Centric’s advisory and staff augmentation services are designed to address the fluctuating needs of your vendor management operations. Our specialists seamlessly integrate with your existing vendor management team, offering additional skills and capacity to navigate high-demand periods, specialized projects, and ongoing skill shortages. It’s a perfect solution for addressing fluctuating resourcing needs when a full-time position isn’t cost-effective.
Partner with Vendor Centric to get the short-term expertise you need without the long-term costs.
The Value of Working with Vendor Centric
Expertise
Access an expert team of procurement, third-party risk, and contract management specialists, supporting everything from strategic guidance to tactical support.
Scalability
Leverage flexible resourcing options you can align to periods of high demand, providing a nimble, cost-effective resource management solution.
Speed
Swiftly deploy our team of skilled vendor management specialists , allowing you to expedite project timelines and ensure rapid response to changing demands.
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 Approach
Step 1
Success Planning
Our partnership begins with an in-depth planning session where we collaboratively establish objectives, scope, and success metrics for the vendor management services. This initial step ensures our teams are perfectly aligned, setting the stage for a successful engagement.
Step 2
Advisory & Project Execution
We then move into the staff augmentation phase, providing the vendor management advisory and project support you need. Our team will seamlessly integrate with your in-house team to fill skill or capacity gaps and drive successful project outcomes.
Step 3
Continuous Improvement
Depending on the scope of your project, we’ll establish a regular cadence for progress reviews to ensure tasks stay on track and to provide insights on opportunities for continuous improvement to stay current with modern vendor management best practices.
LGA Gets a Helping Hand with High-Priority Projects
LGA has partnered with Vendor Centric since 2018. The initial engagement was to establish an enterprise-wide vendor management program, enabling them to meet tight regulatory deadlines. Since then, Vendor Centric has helped LGA fill skill gaps and get a number of special projects across the finish line including targeted risk assessments, policy and procedure updates, and ongoing technology enhancements. Recently, we helped develop a Vendor Management Hub, an online platform where employees can access how-to guides, micro-learning videos, FAQs, and process visuals to answer everyday vendor management questions.
Partnering with Vendor Centric has provided LGA with a trusted partner for the long haul, empowering them to continually drive value from their ecosystem of vendors.
Ready to Get Started?
Discover how our vendor management advisory and staff augmentation services can boost your team and provide scalability for your vendor management operations.
Frequently Asked Questions
Our services are designed to act as an extension of your vendor management team, bringing additional skills and capacity to support periods of high demand, execute special projects, and provide specialized skills that may be missing within your organization. Augmented resourcing can provide a number of benefits over traditional hiring because:
- Costs are variable, allowing for more efficient budget management.
- Minimal ramp time is needed, enabling immediate productivity.
- Resources are scalable, ensuring you can ramp up or down as needed.
- Expertise is broader, with access to strategic and tactical vendor management specialists at your disposal.
- Oversight and management are minimal, reducing your time to train and manage employees.
Our vendor management advisory and augmentation services offer an efficient and flexible way to resource your operations, ensuring you remain competitive and responsive to changing requirements without the long-term commitments and limitations of traditional hiring.
As specialists in vendor lifecycle management, our team of skilled professionals brings practical, hands-on expertise across a diverse array of activities, including:
- Policy and procedure writing
- Third-party risk assessments and due diligence
- Risk remediation
- Competitive and non-competitive procurements
- RFP management
- Contract negotiations
- Cost reduction
- Vendor performance management
- Software platforms
- Vendor management governance
We round out your team to ensure you have all of your vendor management roles and responsibilities covered.
We can help you fill in missing vendor management roles and responsibilities and successfully execute a range of projects, such as:
- Operationalizing new vendor management programs
- Improving operational efficiency & effectiveness
- Analyzing data to identify value creation opportunities and deliver business intelligence strategy.
- Refreshing vendor management policies and procedures
- Conducting vendor risk assessments & due diligence
- Developing training programs & performance support tools
- Assessing vendor management technology to create a technology strategy
- Managing software evaluation, selection, and implementation
- Providing long-term resource management planning
We can scale our services up or down according to project demands, ensuring your services align with your unique needs and budget.
Yes, we provide a dedicated account manager who works closely with you to maintain alignment and ensure effective communication between our teams.
Easily. Schedule a no-cost consultation to discuss your specifics. We will promptly deliver a customized proposal and cost estimate, typically within just a few days.