Is Vendor Management part of Procurement in your organization?
Yes, it's integrated together59%
No, VMO is separated40%
Other (comment below)1%
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VP Talent, Learning & Organisational Development in Manufacturinga month ago
Not yet but it is high on the priority list. Today the vendors are managed by those who pay for them and work with them which impacts objectivity or in case of conflicts there is no one to turn to so we are expecting procurement to support this. Manager, Cybersecurity in Travel and Hospitalitya month ago
YesSenior Vice President Technology Vendor & Asset Management in Mediaa month ago
VMO should sit in Technology and work closely with finance, procurement etc etc. VMO should be strategic and procurement is transactional and the outcome of VMO work.