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SBTUG Presentation on Vendor Management

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Andrew Cohen's slides from SBTUG presentation on Vendor Management.

Andrew Cohen's slides from SBTUG presentation on Vendor Management.

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  • 1. SBTUGMarch 2010Vendor ManagementAndrew D. Cohen@theloudestvoice
  • 2. Never hire your mates
    You need to be professional in all dealings and above probity
    More & more companies are looking at conflict of interests
    Companies want value for money
  • 3. Vendors take management
    You need to make time to manage vendors.
    That’s why we have Project Managers
    If no PM
    Don’t do it as a second job, it will fail.
  • 4. Process is your friend
    Use process to get results, manage Risk & obtain value for money
    When engaging
    Create a scope
    Vendor to do SOW (Statement of Works)
    Mange to deliverables & $
    Vendors need Project Management
    Meet regularly
    Bring up issues early
    Bring up & document - email
    Escalate early
  • 5. Issue Purchase orders to a value
    Don’t have that dreaded big Invoice
    Issue Purchase orders
    Use this to hold the cost line.
  • 6. Select the appropriate vendor for you
    Make sure you vet the resources
    Remember the vendor wants to make money and with T & M that means slow work
    Fixed price – they will load 15% for the risk
    I do fixed price the cheep way.
    Create a project plan with the vendor then manage to it, close.