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6 best practices for better vendor management

CIO Business Intelligence

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Vendor management: The key to productive partnerships

CIO Business Intelligence

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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Forecasting In Uncertainties: Are Software Vendors Too Optimistic, Or Are We Too Pessimistic About The Software Market Outlook?

Forrester IT

As I work on updating Forrester’s tech market forecasts for the US and the world, I have been struck by the disconnect between how I see the software market outlook and how vendors and investors see it. In my forecast work on the tech market over the past two decades, I have found a generally […].

Software 326
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Why Now Is The Perfect Time To Negotiate Cost Reductions With Software Vendors

Forrester IT

For companies looking for short-term cost reductions during the economic slowdown, negotiating lower prices on software contracts with vendors can provide much-needed relief.

Software 372
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AI-powered Supplier Value Management (SVM) Software Will Liberate And Empower Procurement Professionals

Forrester IT

I cite several examples, both from large SVM software suite vendors and from […]. It explains why AI was relatively slow to reach the procurement function, and also what changed to belatedly power a wave of innovation.

Software 251
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Spooky, Scary Tales of Vendor Management

SecureWorld News

Five little vendors access your data. The first one said, "For this company, vendor management doesn't seem to matta." The fourth one said, "Regulation requires vendor control." In honor of Halloween, it seems appropriate to address one of the scariest issues facing organizations today: vendor or supplier management.

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What’s New In Software Pricing and Contract Negotiation Success

Forrester IT

In 2023, the tech sector is seeing shrinking growth, pressure on profits, and price hikes. Understandably, there are a lot of questions around what these price changes mean, and how contract negotiations should be approached amidst this uncertainty.

Software 195