Why should you define a core set of processes for your Vendor Management Office (VMO) / Supplier Management Office? Nick Francis, Co-founder and CTMO of Brooklyn Solutions, shares 15 years worth of expertise and explains how defining a core set of processes for your VMO could:
- Increase consistency
- Increase quality
- Increase clarity
- Increase regulatory compliance (internal and external
- Reduce risk/chance of failure
- Increase efficiency and effectiveness
- Simplify and streamline your processes
- Help define benchmarks
- Advice implementation