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New Post 1/23/2022 3:15 PM
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User is offline RHL2020
1 posts
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Best Approach 

A solution from a vendor have already been identified to make itself into the organization. What is the best approach to handle the complete service model?

 
New Post 2/8/2022 6:22 AM
User is offline KevinLee
14 posts
10th Level Poster


Re: Best Approach 

Hello dude, im searching exactly similar information, any responses?

 
New Post 2/13/2022 1:49 PM
User is offline Adrian M.
764 posts
3rd Level Poster




Re: Best Approach 

Hi Guys,

The approach and considerations for vendor management depends on the organization, its size, its formality culture, the type of vendor, and the need at hand.

I would suggest you first start by determining if you organization has existing vendor management standards and guidelines which you might need to adhere to as you interact with the vendor.  If there isn't a vendor management group, you should reach out to the legal group.  Setting up a vendor relationship often involves a legal agreement outlining key responsiblities on both sides of the relationship.

At the high level, here are the areas you need to consider (in no specific order):

  • Vendor Due Diligence - to address any risks associated with the financial and business viability of the vendor
  • Data Storate - Will the vendor store any of your company's or customer's data?  What security they have in place?  Who has access to the data?  How is data protected from being lost? 
  • Vendor Services - What are the services or product the vendor is providing?  What are the SLAs associated with the services provied by the vendor?  What are the costs?  What services will not be provided by the vendor?
  • Vendor Interactions - How will you communicate with the vendor?  How is that communication to be documented?
  • Contingency Planning - What will happen if the vendor is affected by a disaster?  What happens if the vendor goes out of business (who owns their work, software, product)?  Any licensing needed to be granted to you by the vendor?

Hope this helps.

Adrian


Adrian Marchis
Business Analyst Community Blog - Post your thoughts!
 
New Post 2/14/2022 3:50 AM
User is offline KevinLee
14 posts
10th Level Poster


Re: Best Approach 

Thanks a lot for information! Thats really helped!

 
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