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6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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10 best practices when partnering for strategic skills

CIO

Dun & Bradstreet’s Manos recommends regular check-ins where key goals, metrics, and objectives are reviewed. Double down on vendor management. To manage these relationships, IT organizations need robust vendor management processes , says West Monroe’s Wright.

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5 ways to maximize your cloud investment

CIO

Optimizing cloud investments requires close collaboration with the rest of the business to understand current and future needs, building effective FinOps teams, partnering with providers, and ongoing monitoring of key performance metrics. We need hard metrics because we’re running 800 instances of cloud computers.

Cloud 312
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The CIO’s guide to smarter vendor negotiation: 10 tips

CIO

Prices are increasing, and negotiation is becoming more difficult,” agrees Melanie Alexander, senior director analyst on Gartner’s sourcing, procurement, and vendor management team. Vendors are not granting the same concessions they have in the past.” There are an increasing range of technologies and providers.

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Ramp raises $30M as the battle to own corporate spend heats up

TechCrunch

The company recently added vendor management tooling , and is now adding reimbursing capabilities so that employees can be paid back for expenses not made on the startup’s cards. Brex declined to share growth metrics. Ramp is dropping new code with its funding news, underscoring the point.

Metrics 235
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5 rules that transform outsourcing outcomes

CIO

The model offers a significant shift away from the transaction-based model commonly used in IT oursourcing arrangements, and its rules resolve several structural flaws that can emerge in transaction-based and managed servicesagreements. Outsourcing, Vendor Management

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10 cloud strategy questions every IT leader must answer

CIO

IT leaders may need fewer people managing servers and more people performing higher-level network engineering, systems integration, vendor management, data science, cloud security, or business analysis work. Organizations also need nontechnical skills such as cloud financial management and cloud optimization, Nathan says.

Strategy 363