Vendor Management

The Monarc Group strives to ensure a smooth service flow between all third party vendors related to IT for its client organizations through an impeccable vendor management service involving regular follow up and maintenance of contract details. Sourcing and managing training suppliers of content, materials, and instructor resources on a global scale is a resource and time-intensive business need. But, it doesn’t have to be.

Every enterprise manages training vendors. Managing the sourcing and contracting of these vendors in a decentralized and inefficient way can lead to higher costs and longer timelines impeding the organization’s ability to deliver learning to the business.GP Strategies’ vendor management solution provides the expertise and infrastructure needed to improve quality, lower cost, and ensure a predictable and consistent level of service that positively impacts the projects and organization as a whole.

• Balance Commitment and Competition

  One of the goals of vendor management is to gain the commitment of your vendors to assist and support the operations of your business.

• Share Information and Priorities

  The key to succeeding in vendor management is to share information and priorities with your vendors.

• Allow Key Vendors to Help You Strategize

  If a vendor supplies a key part or service to your operation, invite that vendor to strategic meetings that involve the product they work with.

• Build Partnerships for the Long Term

  Vendor management prioritizes long-term relationships over short-term gains and marginal cost savings.