Your Vendor Management Office Strategy Blueprint

Setting up the right vendor management office (VMO) and policies pays off in optimized vendor relationships that run efficiently and effectively, greater co-innovation in today’s complex AI computing ecosystems, and better alignment of technology and service provider contributions with business goals. In contrast, organizations without a robust vendor management discipline run the risk of substantial cost overruns and project delays. IT leaders should read this report to gain a blueprint for defining their VMO’s mission, structuring teams, staffing key roles, establishing governance, measuring progress, and documenting policies.