A bleak picture emerges when looking at numbers. It is time for a change. The following 17 statistics show us a bleak picture. The presence of third parties and vendors has increased drastically. The vendor risk also. The vendor risk can be either about privacy non-compliance, performance disruption or a data Read more…
A reference guide to the Chief Vendor Officer on existing software tools Vendor Management’s objective is to provide more value to the company via the integration of Vendor products. It happens at different phases: Discovery. Finding the relevant vendors that respond to company needs. Vendor evaluation and selection. Look at the Read more…
Or how fundamental Customer concepts can change our worldview about Vendors “The limits of my language means the limits of my world” — Wittgenstein I am fascinated by bilingualism. Sure, by learning two languages simultaneously, on average a child starts speaking later. But he or she gets so much in return. Not only Read more…
The CVO playbook for a successful vendor adventure — Part 2 / 2 In the first part, we have seen how the CVO must focus first on the defensive line. Now let’s see how the CVO can create value, be accountable by metrics, and who the CVO should report to. The Offensive Read more…
Vendors are the new oil, so be ready to manage them. Increasing landscape infographics of startup vendors are only the first signals. How do you choose your doctor? I know only two types of people. The ones like me, trusting blindly the system. No research. I just choose according Read more…
Vendors are the new oil. And the recent rise of Chief Data Officers (CDOs) could show us the path how to gain faster from vendors: with a Chief Vendor Officer. Do you remember how we were handling our passwords? We all had our own strategy. Some were using everywhere the Read more…
The CVO playbook for a successful vendor adventure — Part 1 / 2 “Congratulations! You will be our first CVO! Unclear what it means, but you will guess out, right? You start on Monday. By the way, ‘V’ for Vendors.” So, here we are. Monday morning. A bit lost. Where Read more…