What is a structured review and how does it relate to your VMO/SMO (Vendor Management Office / Supplier Management Office)?

Nick Francis, Co-founder and Chief Technology & Marketing Officer at Brooklyn Solutions, outlines the importance and benefits of holding structured reviews with your vendors/suppliers. He covers:

• How often you should hold structured reviews.
• Why contractual agreements should be included in your structured reviews.
• How internal and external factors (such as regulatory changes) may affect your structured reviews.
• How structured reviews can flag challenges and blockers early, thereby reducing risk and improving contractual realisation.