01 Building of a VMS.
02 Assessment of existing VMS.
03 Match VMS features to risk management and security platforms.
04 Ability to make vendor management a sales friction reduction strategy.
05 Define and map compliance standards that affect vendors that an organization might be interacting with.
06 Interface with Vendors to map their business process to the compliance of the organization.
07 A roadmap to vendor compliance.
08 A listing of vendors and their stakeholders in a vendor tracking system with approvals, processes, procedures, and assigned responsibilities for client personnel.
09 Coordination with internal stakeholders about the new vendor management system.