For Sourcing & Vendor Management Professionals

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	April 14, 2009 Selecting Vendor Management Systems: Differentiating Criteria by Patrick M. Connaughton with Christine Ferrusi Ross, Philipp Karcher	Average: 8  (1 rating)

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Executive Summary

Companies looking for a new vendor management system (VMS) have a wide variety of software solutions to choose from that on the surface appear to have very similar functionality. With so much commonality across the leading solutions, sourcing and vendor management professionals are better served to focus on the differentiating areas like business intelligence, international capabilities, and supplier collaboration. This report outlines the key questions to ask the software vendors during a selection process to distinguish between the solutions and to find the VMS that's the best fit for your company.

TABLE OF CONTENTS

• Requisition Processing And Time Management Are VMS Table Stakes
• Differentiators: Functionality, Architecture, Market Presence, And Strategy

RECOMMENDATIONS

• Avoid Time-Consuming RFPs By Focusing On The Differentiator
• Supplemental Material
• Related Research Documents

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