Forums for the Business Analyst

 
  Modern Analyst Forums  Careers  Getting Started  Best Approach
Previous Previous
 
Next Next
New Post 1/23/2022 3:15 PM
Unresolved
User is offline RHL2020
1 posts
No Ranking


Best Approach 

A solution from a vendor have already been identified to make itself into the organization. What is the best approach to handle the complete service model?

 
New Post 2/8/2022 6:22 AM
User is offline KevinLee
14 posts
10th Level Poster


Re: Best Approach 

Hello dude, im searching exactly similar information, any responses?

 
New Post 2/13/2022 1:49 PM
User is offline Adrian M.
764 posts
3rd Level Poster




Re: Best Approach 

Hi Guys,

The approach and considerations for vendor management depends on the organization, its size, its formality culture, the type of vendor, and the need at hand.

I would suggest you first start by determining if you organization has existing vendor management standards and guidelines which you might need to adhere to as you interact with the vendor.  If there isn't a vendor management group, you should reach out to the legal group.  Setting up a vendor relationship often involves a legal agreement outlining key responsiblities on both sides of the relationship.

At the high level, here are the areas you need to consider (in no specific order):

  • Vendor Due Diligence - to address any risks associated with the financial and business viability of the vendor
  • Data Storate - Will the vendor store any of your company's or customer's data?  What security they have in place?  Who has access to the data?  How is data protected from being lost? 
  • Vendor Services - What are the services or product the vendor is providing?  What are the SLAs associated with the services provied by the vendor?  What are the costs?  What services will not be provided by the vendor?
  • Vendor Interactions - How will you communicate with the vendor?  How is that communication to be documented?
  • Contingency Planning - What will happen if the vendor is affected by a disaster?  What happens if the vendor goes out of business (who owns their work, software, product)?  Any licensing needed to be granted to you by the vendor?

Hope this helps.

Adrian


Adrian Marchis
Business Analyst Community Blog - Post your thoughts!
 
New Post 2/14/2022 3:50 AM
User is offline KevinLee
14 posts
10th Level Poster


Re: Best Approach 

Thanks a lot for information! Thats really helped!

 
Previous Previous
 
Next Next
  Modern Analyst Forums  Careers  Getting Started  Best Approach

Community Blog - Latest Posts

Fabricio Laguna talks Business Analysis and AI
I recently connected with Fabricio Laguna, aka The Brazilian BA. Fabricio is a passionate and pioneering business analyst from Brazil. During our conversation, we had a thought-provoking discussion on how artificial intelligence stands to shape the field of business analysis in the years ahead. While AI promises to transform many aspects of busines...
Business Architecture, Ontology and More with Terry Roach
It's been a privilege meeting Terry Roach, a visionary in the field of enterprise architecture and business architecture. Terry's insights into the evolution of business models, the importance of ontology in architecture, and the potential of AI to shape our future were not only thought-provoking but also a reflection of his extensive exper...
Today I had the pleasure of chatting to Jignesh Jamnadas, Chief Operations Officer at Mosaic, about his Blueprints for Success. As a Senior Finance and Operations Executive, Jigs (as he is known to many) has a holistic understanding of all facets of business and a flair for managing both people and processes. Having worked with Jigs, I was struc...

 



Upcoming Live Webinars




 

Copyright 2006-2024 by Modern Analyst Media LLC