Christopher "Chris" Throgmorton began his career as a sergeant in the United States Marine Corps, where he supervised the Munitions Work Center. Relying upon his significant supervisory and training background, Christopher Throgmorton serves as the director of public safety training for Covered 6 in California. He also serves at Amgen as a regulatory affairs expert in global regulatory operations, where he manages external vendor relationships.
Vendor relationship management is a strategic way of developing healthy and goal-oriented relationships with vendors. At its core, vendor relationship management is sustained by synergy. If a buyer (company) and a vendor don't build and maintain a mutually beneficial relationship, it may be just a matter of time before projects fall through in the long run. While vendor relationship management is a methodical approach that sometimes involves exacting protocols, it should be geared toward growth opportunities for both entities.
Venture relationship management is only crucial when a business has a vendor. Ideally, businesses should partner with vendors that are looking forward to working with them for the long term. This mitigates the need to lead off each project with a rigorous vendor vetting phase. This not only helps save time but also money.
Once a business has partnered with a vendor, it should establish a clear perspective of its expectations such as the work to be done, project timeframe, and communication modality. Ideally, the company should ask for the vendor's input in this regard to boost their commitment and reliability.
Lastly, it's important for a business to have some key metrics that help gauge performance. The success of each project depends on both entities. Each entity has its own part to play in the project. Tracking performance ensures that everyone is held accountable.
Vendor relationship management is a strategic way of developing healthy and goal-oriented relationships with vendors. At its core, vendor relationship management is sustained by synergy. If a buyer (company) and a vendor don't build and maintain a mutually beneficial relationship, it may be just a matter of time before projects fall through in the long run. While vendor relationship management is a methodical approach that sometimes involves exacting protocols, it should be geared toward growth opportunities for both entities.
Venture relationship management is only crucial when a business has a vendor. Ideally, businesses should partner with vendors that are looking forward to working with them for the long term. This mitigates the need to lead off each project with a rigorous vendor vetting phase. This not only helps save time but also money.
Once a business has partnered with a vendor, it should establish a clear perspective of its expectations such as the work to be done, project timeframe, and communication modality. Ideally, the company should ask for the vendor's input in this regard to boost their commitment and reliability.
Lastly, it's important for a business to have some key metrics that help gauge performance. The success of each project depends on both entities. Each entity has its own part to play in the project. Tracking performance ensures that everyone is held accountable.
