The traditional supplier management approach relies on manual processes designed around disjointed enterprise systems. This is the primary reason why most organizations are not able to extract the full value from their IT services engagements. Research has shown that 15-20% of ACV is lost in such engagements due to ineffective supplier management. Thankfully, there is a new breed of supplier management technology that promises to change this by integrating all key disciplines of supplier management on a single platform and by leveraging automation to address the inefficiencies of manual processes. In this real life case study, Henrik will talk about Vestas Wind Systems’ journey towards an integrated supplier management in collaboration with SirionLabs. The presentation will cover:

• Introduction to Vestas’ IT outsourcing journey
• Why integrated supplier management is important for driving higher value in IT services engagements
• Integrating key supplier management disciplines - contract, performance, finance, risk and relationship management - through technology
• Key considerations in selecting the right technology to enable integrated supplier management
• Reflections on the journey so far…..