6. Vendor Management Function/Office Vendor Management Office Select Function Owner Name function owner to organization Leadership / Function owner define agree on function mission , goals and objectives Vendor Management Function Build Out Vendor Management Overview & Structure Define Components Build out component processes and supporting templates where needed Integrate into existing work models as needed ( e . g . , PMLC / SDLC / Contract Mgmt ) Define structure for housing and using VM Materials Define Roll - Out Program
14. Vendor Management Policy Key Components Vendor Selection Process Contract Management Vendor Management Policy Service Level Management Relationship Management This presentation and attached Visio files – provide a high level framework for drafting a detailed Vendor management policy.
20. Contract Management NJM Artifacts Artifact Current State Desired State NJM Contract Policy Available May 2009 – Rolled Out TBD Referral to Contract Management Available TBD Contract review guidance Law & Regulation Vendors often provide contracts favorable to them. Hence it is important to have a check list of items – which should be part of NJM contracts. NJM Contract Management function could build awareness with NJM Officers and Manager regarding – “What to look for when reviewing a contract?”