BNMC Blog

The vendors you use for your business are extremely important, but they aren’t so important that working with them should actually hurt your business. If you consider how much time the average vendor takes up, and multiply that by the number of vendors you have, you are likely spending a lot of time and money just dealing with these sometimes impossible relationships. In today’s blog, we will tell you how to get out from under time-consuming vendor relationships.

When it comes to technology, it’s often difficult to understand how every bit of it fits into a complete IT infrastructure. In fact, if you were to ask your staff to communicate with your technology vendors, would they know how to do so? Understanding where your technology comes from, namely your vendors, is an important part of streamlining your business’ operations.

Whether you are a small business or a large enterprise, chances are you have some experience working with vendors. Your business certainly depends on the products they provide, but how is your relationship with vendor management holding up? Let’s take a look at one particular anecdote that displays the pains of vendor management and how working with a managed service provider can alleviate the stress associated with it.

Let’s face it--you waste countless hours on the phone dealing with vendors for all of your business needs. Whether it’s a new software solution or hardware component, you’ll have to go through someone to get it, whether it’s a big retailer like Amazon or your local Mom and Pop computer store but working with your vendors has several unforeseen costs that you might not even know exist.

In order to function properly, any business will need to procure certain pieces of equipment. Some of this equipment will be specialized to the business’ purpose, while some will be the sort that may be more commonly found in offices everywhere. This equipment must be procured from somewhere, and this is where vendors come in--but who in your organization is responsible for your vendor management?