WGroup helps organizations design, implement, and optimize their vendor management competency in IT and business services. Vendor management requires a fresh new look and is increasing in importance. With the growing dependence on outsourcing and multi-sourcing, dedicated Vendor Management Organizations (VMOs) contain costs, centralize spend, mitigate risk, and maximize vendor performance. WGroup brings a track record in helping clients build and run the right governance, structure, management skills, process and tools around contract management, vendor performance, finance and relationship management. Our clients achieve financial, operational and strategic benefits from their VMO including cost reduction, synergies across relationships and better alignment of IT or business process spend to business strategy.
Our Vendor Management Consulting Services Include:
- VMO Strategy Design
- VMO Assessment and Audits
- VMO Implementation
- VMO Organization and Staffing
- VMO Interim Management
- Process Redesign
- Technology and Tools Deployment
- Contract Analysis and Remediation
- Change Management
The vendor management function can provide tremendous benefits to an organization but only when built with the right strategy and approach. The caliber of our consultants and the robustness of our methodology differentiate us. From developing a VMO business case and identifying quick wins, through implementing new tools and processes, to realizing significant cost saving and performance gains, we help clients instill a best practice vendor management discipline.
The result: Our clients execute with the right strategy, design and talent to track, manage and renegotiate vendor contracts; measure, monitor, and evaluate vendor performance against agreed service levels; seek recovery where services fall below expectations; manage business demand; prioritize key projects; and implement new and efficient processes throughout the organization while adhering to an organization’s governance framework.