Vendor Management

Many Recruitment Companies and HR divisions work with third parties to provide solutions to their business requirements.

What Is Vendor Management?

Pan Eight Consulting's Vendor Management Service has been developed to manage these third party supplier relationships to ensure they focus on areas that generate business benefit and value.

Vendor Management has been designed to help companies manage new or existing portfolio of suppliers and contracts that may include the following:

Demand management
Contract realignment and re-tendering
Contract and supplier negotiation
Contract management
Supplier management

In addition, we can review the 3rd party suppliers, and contracts, used by your organisation as part of the Vendor Management service and identify opportunities to consolidate your supplier base.

What Are The Benefits?

Vendor Management can help your company achieve many benefits, including:

Due to our extensive experience within Recruitment and HR, our knowledge of vendors within the industry, their solutions, technology and their people is second nature to us. With these open and transparent communication channels, we can create opportunities to save costs, and increase service levels.
Reduce the total cost of ownership of your third party contracts. For example, by moving fixed to variable cost, holding regular contract reviews that may identify opportunities to save money, improvement of contract terms, investigation of alternative delivery approaches and price analysis.
Improvements in supplier performance, service levels and efficiency as a result of implementing changes to process or new technology.
Better quality decisions through the availability of an accurate, secure and configurable on-line contracts database and contracted response times to your contract queries.
Transfer of vendor management skills by working alongside Pan Eight Consulting.