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6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

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Your CEO has little idea who IT is or what IT does

CIO

Executives need to understand and hopefully have a respected relationship with the following IT dramatis personae : IT operations director, development director, CISO, project management office (PMO) director, enterprise architecture director, governance and compliance Director, vendor management director, and innovation director.

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Managing the many we’s of IT

CIO

A software developer lamented, These days, when I use [product X] from [vendor alpha] I just dont feel like theyre on my side. Whether we like it or not, we in IT, as perceived by our stakeholders, includes our vendors. We do not get a pass saying, Thats not our fault; that is vendor X, Y, or Z screwing up.

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12 AI predictions for 2025

CIO

Vendors are adding gen AI across the board to enterprise software products, and AI developers havent been idle this year either. Weve also seen the emergence of agentic AI, multi-modal AI, reasoning AI, and open-source AI projects that rival those of the biggest commercial vendors.

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How today’s enterprise architect juggles strategy, tech and innovation

CIO

Collaborator: Enterprise architects work with business stakeholders, development teams, vendors and other key players to ensure business outcomes are being met. Ecosystem warrior: Enterprise architects manage the larger ecosystem, addressing challenges like sustainability, vendor management, compliance and risk mitigation.

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SaaS startup Stimulus closes oversubscribed $2.5 million seed round

TechCrunch

Stanard established the company after her own experiences as a buyer and vendor manager. Her experience in and around procurement uniquely positioned her to develop a solution that could quickly find a fit within her early target segment,” Norman said. “As It’s going from discovery to matching in real time.”.