Is Vendor Management part of Procurement in your organization?  

Relationship ManagementVendor Management

Yes, it's integrated together49%

No, VMO is separated47%

Other (comment below)3%

238 PARTICIPANTS
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Operations Manager in Media4 months ago

Vendor Management and Procurement are not part of the same department. Our operational vendor management (OVM) team closely manages, supports, and advises the Technology department in resourcing, services, software, and licensing. OVM also facilitates the contract process between the Technology department and Legal, Finance, and Strategic Sourcing. We adopt different frameworks in the contract lifecycle. For example, Vendor Management uses COBIT and ITIL guidelines and principles, while Procurement uses the CIPS framework.

Senior Vice President Technology Vendor & Asset Management in Mediaa year 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.  

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no title9 months ago

Thank you! I agree with this approach as well. Procurement can also support the strategic part of sourcing.

Manager, Cybersecurity in Travel and Hospitalitya year ago

Yes

VP HR - EMEA in Manufacturinga year 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. 

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no title9 months ago

Thanks for your response Ingrid. Having a vendor management framework should be the key to ensure we are proactive in our vendor relationships and we don't just go to fire fight when issues arise.

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Is Vendor Management part of Procurement in your organization? | Gartner Peer Community