Vendor Management

We provide whole lifecycle support alongside control of your IT services suppliers. Managing your suppliers can be a complex task, but it is necessary to ensure optimum supplier performance. We have a wealth of experience in this area, particularly as we ourselves work with different industry leaders to deliver the best technology we can to our customers. Our experts work closely with you, keeping focus on your organisation’s aims and improving vendor performance so you can maximise the relationships with your suppliers.

Velcode Solutions managed services offers you complete support regardless of where you get your hardware or software from. We let you manage your business relationships and we manage your hardware, software and other technology vendors.

CHALLENGES

Understanding key issues

DECENTRALISED MANAGEMENT

Managing the sourcing and contracting of vendors in a decentralised way is inefficient and can lead to higher costs and longer timelines.

MAINTAINING CONTRACTS

A need to save time can make it easy to fall into a routine of renewing contracts without going back out to market or asking the supplier for better services.

DUE DILIGENCE

Internal teams experience only what affects their organisation, which can narrow the due diligence processes for working with new vendors, running the risk of missing critical information.

Vendor Management Services

Providing you with full- scale vendor management services

Vendor Consultation

We provide an in-depth identification and analysis of your current needs for vendor management and the related policies and procedures. Avail of the benefit of our extensive experience in various consulting areas, like cost reduction, performance metrics, and even a process improvement plan.

Vendor Evaluation

Our vendor selection process is tailor-made across your business needs. It is a blend of the bidding process and your selection criteria. Our final proposals are submitted after thorough research on pricing, work scope, delivery structure, and contract terms and conditions.

Performance Analysis

Based on a careful review of the history of the third-party service providers by our service teams, we focus our attention on the vendor’s capability to provide the requested services, availability, cost, as well as their security incident response history.

Developing Contracts

We help you onboard vendors after carefully finalizing the service contract with your legal, financial and senior management teams. This lets your business management teams know the vendors and collaborate to gain optimum vendor performance.

Vendor Onboarding

We take charge of the vendor onboarding process. You get the vendor as an approved supplier to the company with complete documentation and essential contract and payment information for the services they provide.

Following Best Practices

We believe that the vendor management process does not end after vendor selection. All techniques and business best practices need to be informed concisely to the newly appointed vendors to know your future business goals.

Improved Vendor Relationships

Our Vendor Management program helps to involve the vendors in the achievement of your business goals. We encourage idea brain-storming and value creation. Collaboration allows building valuable long-term vendor relationships.

Advanced Reporting & Analytics

Determine whether your supplier or vendor is meeting its quality standards. With our advanced analytics capabilities, we provide KPIs to measure vendor performance. You can use this data to provide specific feedback to your vendors to increase their quality control.

Achievable & Realistic Deadlines

We set only realistic deadlines to meet your objectives and goals. In other words, our experts are keen at setting pragmatic schedules to make sure vendor performance and value creation. Setting impossible deadlines increases risk and prevents meaningful collaboration.

Manage all vendors, new and existing, in one place, with one contact responsible for the relationships. This gives a holistic view over your supplier system, improving visibility and enabling better interactions between supplied services and technology.

Risk mitigation

Risk mitigation of contracts and suppliers is enabled through increased visibility providing insight to support better understanding and planning.

Ongoing reviews

Contract management and optimisation reviews can become continuous. Everything is assessed in the whole IT vendor ecosystem to enable the best, ‘big picture’ decisions.

Stakeholder engagement

Internal teams experience only what affects their organisation, which can narrow the due diligence processes for working with new vendors, running the risk of missing critical information.

Much like when hiring new employees, your organisation deserves to work with suppliers of services and technologies that will increase your success, only. Achieving this is eased by working with an expert Vendor Manager such as Advanced as we lean on our experience and expertise in the market to source and vet suppliers.

Outcomes-based sourcing

Risk mitigation of contracts and suppliers is enabled through increased visibility providing insight to support better understanding and planning.

Organisation advocate

Your Vendor Manager can act as an advocate for your organisation in supplier meetings, identifying successes, assessing quality and ensuring performance.

GET IN TOUCH

We’re Happy to Discuss
Your Project and Answer
any Question

Address

A-19, 3rd Floor, Palam Extension, Ramphal Chowk,
Sector-7, Dwarka, New Delhi, Delhi 110077

Email

info@velcodesolutions.com
sales@velcodesolutions.com

Phone

+91 9310905611
+91 1145694931

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