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Vendor management varies greatly depending on your industry and the industry of vendors that you currently work with. The most important thing to keep in mind when creating your vendor management strategy is that it must serve the business goals while als

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Speedy Mentors
Vendor management varies greatly depending on your industry and the industry of vendors that you currently work with. The most important thing to keep in mind when creating your vendor management strategy is that it must serve the business goals while als
We have listed the best techniques to improve your vendor management strategy.
 
 
 Techniques to Improve your Vendor Management Strategy
 
 1. Convey your expectations clearly
2. Ensure you set deadlines that are achievable and realistic
3. Collaborate with your vendors to maintain long-term relationships
 
 4. Establish KPIs to measure Vendor Performance
5. Assess Vendor Risks to enable its Minimization
 
 
 
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