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Vendor/Supplier Assessments: A Must Have to Maintain Compliance and Identify Inefficiencies
Organizations with high volume of projects and contracts have become increasingly dependent on vendor service arrangements. A well executed vendor service agreement should clearly spell out the vendors role, responsibilities and project completion timeline and expectations. It is imperative that your vendor understands the organizations vision, business objectives and be provided with the necessary onboarding, training and internal resources to complete required tasks.

You will learn why:

• Vendor over sight is critical to assure that your vendor is performing in accordance with the service agreement.

• Monitoring vendor performance is also necessary to determine quality of work, capture successes and understand areas that might need improvements.

• The evaluation process should be done periodically during the project life-cycle to assess vendor workman quality, bandwidth, compliance with operational procedures and that they are on target with projected milestone dates.

• You can build and maintain vendor relationships by providing positive feedback and helping the vendor in areas that need improvement.

• Using KPI's or other project management or CLM tools can help you effectively and efficiently monitor your vendors.

Oct 13, 2021 10:00 AM in Pacific Time (US and Canada)

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Speakers

Flo Nicolas
Counsel/Board Member @#nonboringlawyer
Flo Nicolas serves as Board Member of the Cable and Utilities Committee and as a Board Member of the Library Trustees in her community. A licensed attorney with an extensive and diverse- background in bankruptcy, real estate, corporate technology operations, vendor relations, procurement, and telecommunication. Flo is a business and tech savvy counsel, whose motto is negotiating is my superpower, due to her strong, analytical, creative, and strategical negotiating skills. She has dubbed herself the #nonboring lawyer on LinkedIn because of her creative video posts. She is the author of LinkedIn article Legal Playbook- the plan of action you must have! She is an advocate for underrepresented minorities in the technology industry. She is the wife of a veteran and a mother of three girls. She is passionate about empowering and uplifting women.