Product/Services Overview:
VENDOR SURE: Vendor Sure service as the part of SDP’s Management Consulting & Government Advisory service offering for Public, Private and Social sector clients.
Product/ Service Delivery Duration:
Min 1 months depending upon Size of offering required and Scope of Work.
Ideal Client Type:
Public, Private and Social sector clients: International Agencies, National Governments-Ministries; Local Governments-Municipalities, Development Authorities, Smart City SPVs/ offices, Private Companies.
What is in the package of Product/Services (Deliverables)?
Vendor Identification Document & Toolkit.
Product Offering/SoW Overview:
- Vendor Onboarding (Vendor Registration, Background Checks, Compliance Verification, Contract Management)
- Vendor Evaluation (Initial Assessment, References and Reviews)
- Performance Monitoring (Key Performance Indicators (KPIs))
- Quality Assurance (Quality Control,
- Technology and Tools (Codebook for Vendor Management System (VMS), Automation Tools, Security Measures)
- Cost Management (Cost Analysis, Budgeting, Negotiation Support)
Key Benefits:
Better Selection, Better Contract Management, Better Performance Management, Better Vendor Relationship, Better Value.
Empowers an organization to take appropriate measures for controlling cost.
Reducing potential risks related to vendors,
Ensuring excellent service deliverability and deriving value from vendors in the long-run.
This includes researching about the best suitable vendors, sourcing and obtaining pricing information,
Gauging the quality of work,
Managing relationships in case of multiple vendors,
Evaluating performance by setting organizational standards.
Ensuring that the payments are always made on time.
Additional Free Offerings:
STRATEGIC SPRINTS
VENDOR SURE
Some challenges need to be overcome to ensure the smooth functioning of the organization. Vendor Compliance Risk, Vendor Reputation Risk, Lack of Visibility, Vendor Data Storage, Vendor Payment Risk.