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Chief Vendor Officer (CVO) - A Practical Playbook Part 2

25.03.2020

The CVO playbook for a successful vendor adventure — Part 2 / 2 In the first part, we have seen how the CVO must focus first on the defensive line. Now let’s see how the CVO can create value, be accountable by metrics, and whom the CVO should report to. The Offensive line Focus on specific projects to […]

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The Surprising Customer Truths Applied to Vendors

25.03.2020

Or how fundamental Customer concepts can change our worldview about Vendors “The limits of my language means the limits of my world” — Wittgenstein I am fascinated by bilingualism. Sure, by learning two languages simultaneously, on average, a child starts speaking later. But he or she gets so much in return. Not only the ability to speak two […]

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A Complete Toolkit for a 360-Degree Vendor Management

16.03.2020

A reference guide to the Chief Vendor Officer on existing software tools Vendor Management’s objective is to provide more value to the company via the integration of Vendor products. It happens at different phases: This process is generally triggered by the leading company department when the need occurs. However, the Chief Vendor Officer (CVO) may want […]

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17 Disturbing Statistics Justifying the Vendor Management Imperative

16.03.2020

A bleak picture emerges when looking at the numbers. It is time for a change. The following 17 statistics show us a bleak picture. The presence of third parties and vendors has increased drastically, including the vendor risk. The vendor risk can be either privacy non-compliance, performance disruption, or a data breach risk. These risks are […]

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The Inevitable Rise of the Vendor Economy

21.11.2018

An example of a startup landscape infographic. Vendors are the new oil, so be ready to manage them. Increasing landscape infographics of startup vendors is only the first signal. How do you choose your doctor? I know only two types of people. The ones like me, trusting the system blindly. No research. I just choose […]

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Welcome the new C-level role: Chief Vendor Officer (CVO)

21.11.2018

Vendors are the new oil. And the recent rise of Chief Data Officers (CDOs) could show us the path to how to gain faster from vendors: with a Chief Vendor Officer. Do you remember how we were handling our passwords? We all had our own strategy. Some were using the same password everywhere. Maybe twisting […]

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Chief Vendor Officer (CVO) -  A Practical Playbook

21.11.2018

The CVO playbook for a successful vendor adventure — Part 1 / 2 “Congratulations! You will be our first CVO! Unclear what it means, but you will guess it out, right? You start on Monday. By the way, ‘V’ for Vendors.” So, here we are. Monday morning. A bit lost. Where do I start? We […]

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