BUSINESS CAPABILITY - Vendor Management
| Description | EN: Focuses on managing relationships with external vendors. This capability involves selecting vendors, negotiating contracts, and monitoring performance to ensure adherence to standards. Effective vendor management helps enterprises achieve better terms, maintain high-quality products or services, and optimize their supply chain processes. Therefore, it is essential for enhancing procurement efficiency and ensuring the reliability of the supply chain. FR: Se concentre sur la gestion des relations avec les fournisseurs externes. Cette capacité implique la sélection des fournisseurs, la négociation des contrats et le suivi des performances pour garantir le respect des normes. Une gestion efficace des fournisseurs aide les organisations à obtenir de meilleures conditions, à maintenir des produits ou services de haute qualité et à optimiser les processus de la chaîne d'approvisionnement. Par conséquent, elle est essentielle pour améliorer l'efficacité des achats et assurer la fiabilité de la chaîne d'approvisionnement. |
|---|---|
| Name (FR) | Gestion des fournisseurs |
| Classifying categories | 
Vendor Management |
| Parent Maps | 
Procurement Services (from: 
Enterprise Operations)
Supply Chain Services (from:
Industry Shared Assets) |
| Packaging Library |
Industry Shared Assets |
TREE VIEW
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Vendor Management (*)Focuses on managing relationships with external vendors. This capability involves selecting vendors, negotiating contracts, and monitoring performance to ensure adherence to standards. Effective vendor management helps enterprises achieve better terms, maintain high-quality products or services, and optimize their supply chain processes. Therefore, it is essential for enhancing procurement efficiency and ensuring the reliability of the supply chain.
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Collaborative Innovation and Value Creation
Fosters joint ideation and creativity between vendors and the enterprise. It expands beyond internal resources, tapping into external expertise to generate new ideas. This capability aims to foster a culture of innovation and enhance the enterprise's value proposition. By collaborating with vendors, enterprises can leverage diverse perspectives and drive innovation across the value chain.
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Vendor Analysis and Optimization
Assesses and optimizes supplier performance by analyzing key metrics such as cost efficiency, delivery timeliness, and product quality. The goal is to strengthen supplier relationships, negotiate better terms, and reduce risks. This capability enhances supply chain reliability, improves sourcing decisions, and ensures long-term sustainability of vendor partnerships for overall operational efficiency.
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Vendor Exit
Manages the formulation and implementation of strategies for exiting or transitioning from vendor relationships, ensuring a seamless process. This involves meticulous planning and execution to minimize disruptions, uphold operational continuity, and safeguard enterprise's interests during the transition phase.
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Vendor Risk Assessment and Mitigation
Evaluates and addresses potential risks associated with vendor relationships to minimize adverse impacts on enterprise operations. This capability entails assessing vendor performance, financial stability, and operational resilience to identify and mitigate risks effectively. Risk Assessment and Mitigation aim to enhance decision-making, protect enterprise interests, and foster sustainable vendor partnerships.
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Vendor Selection and Contracting
Involves identifying, evaluating, and selecting vendors based on criteria such as quality, cost, reliability, and alignment with enterprise needs. It also includes negotiating terms, ensuring compliance with contractual obligations, and fostering strong supplier relationships to secure necessary goods and services efficiently and effectively.
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