Your vendors are a big part of your supply chain, and when you have to make alterations to it to ensure that you are able to meet demand, but also operate within the parameters of your budget, it can be a difficult conversation if you are forced to cut back on, indefinitely pause, or eliminate, a product or service you use in your business’ day-to-day operations. Today, we thought we would tell you why our vendor management service can be an indispensable tool when tough decisions have to be made. 

This is what is called vendor management, and it can go a long way toward saving you a lot of time and money. 

What is Vendor Management?

Think about how many vendors you use when it comes to your business’ IT. There’s a pretty good chance that there are quite a few. Hardware, software, services, and much more. As you get established with certain vendors, they become important to your business’ success, but aside from supplying you with their organization’s goods, they also take up a fair amount of time. 

That’s where the challenge lies.

Since you don’t have all the time in the world to keep your vendor representative on your speed dial, but you also need to focus on your business. At Coleman Technologies, we offer what we call a Vendor Management that serves as a go between you and your vendors, providing you the solutions that your business needs without having to spend all types of time being  bogged down talking to vendors. Vendor management helps to alleviate the issue significantly.

How Vendor Management Benefits Your Business’ Bottom Line

Now that we've told you what vendor management is, we can now tell you how it can significantly affect your organization’s bottom line. They include:

Better Use of Time

As we went over above, dealing with your vendors yourself can be a time-intensive process. However, by working with Coleman Technologies and allowing us to manage your vendors, all you have to focus on is your relationship with us. We will handle the vendor relationships, allowing you to focus on your business.

Benefits and Bargains

Since we have long-established relationships with all types of IT vendors, we are often able to procure technology quickly and effectively; saving you money on your technology investments. 

Simplicity

If we are to serve as your single point of contact, it keeps the situation simple. You don’t have to focus an ounce of energy setting up and managing your IT services and relationships. We do it all for you. 

Is a vendor management service seem like something you could really benefit from? If so, call Coleman Technologies at (604) 513-9428 to speak to one of our IT professionals about our managed IT services. 

We’re not trying to talk smack about organizations that are forced into this position. Small businesses have it tough, especially with the more technical aspects of infrastructure management and the finer details of computing. It takes more than a passable amount of knowledge to manage an infrastructure filled with the IT needed for your employees to complete their duties on a daily basis.

Vendors are there to sell you the products and services that your company needs to thrive, including the processes of building, delivering, and supporting these products and services. If you want to be successful in the business world, it’s your prerogative to create a solid relationship with your vendors. Unfortunately, vendor representatives can eat up a considerable amount of the time you should be spending managing your business.

One particular study suggests that IT vendors can take up over 13 percent of a CIO’s time; that’s time that your business simply can’t get back. We recommend taking action now to change the way your organization handles vendor management. Here are some tips to keep in mind:

• Consolidate vendors: Often times businesses will test products by working with multiple vendors. If they are comparable, you should consider moving to one vendor rather than several, making the process of handling all of your products much easier as a whole.
• Measure vendor performance: It can take time to measure vendor performance, but the time you spend will easily be made up when you eliminate vendors that aren’t providing adequate services.
• Implement a vendor management service: When you have a single point of contact for all of your vendors, you’ll find that it’s easier and more effective to work with them. Outsourcing this to Coleman Technologies can help you save time and resources. We can handle your contracts, performance analyses, relationship management, and vendor risk to keep your technology working as intended.

Don’t let vendors hold you back from being successful--that’s not what they’re there for. To find out how you can better manage your vendors and resources, give us a call at (604) 513-9428.

How much does your business rely on technology to keep your organization running forward? As business technology becomes more complex, it’s becoming increasingly popular for organizations to have their own internal IT departments to manage and maintain it. Yet, small businesses don’t often have the necessary funds for such a feat. How can your company afford quality IT service? You can start by pursuing managed IT solutions from a managed service provider.