The Art and Science of Vendor Management Integrating Strategy Process and Performance in Business Partnerships

Vendors are no longer just suppliers—they are strategic partners. Discover how to manage collaborate and innovate with them to create lasting business value. Vendor Management is now a strategic discipline that drives efficiency resilience and innovation. This essential guide empowers management students business leaders procurement professionals and supply chain managers to navigate today’s complex vendor ecosystems with confidence. From onboarding and negotiation to RFPs SOWs SOPs and Due Diligence the book provides a holistic framework for building and sustaining vendor relationships. It also explores performance management outsourcing models and the transformative impact of digital tools on vendor efficiency.Rich with practical insights proven methods and real-world case studies this book serves as both a roadmap and a hands-on manual. Whether starting fresh or refining existing processes you’ll find actionable strategies to cut costs mitigate risks and unlock greater value. In today’s interconnected world mastering vendor management is the key to strong partnerships innovation and sustainable success.