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Vendor management in the finance and insurance sectors

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<title>Vendor management in the finance and insurance sectors</title>
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<namePart>Sheedy, Tim</namePart>
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<publisher>Forrester Research</publisher>
<dateIssued>2008</dateIssued>
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<abstract displayLabel="Summary">The majority of finance and insurance enterprises have a centralized vendor management office (VMO) -- Roughly half of the VMOs reside in the IT group -- The VMO in financial firms is considerably more likely to manage onshore IT outsourcing and offshore IT services functions than the average -- Financial firms' VMOs have few areas of weakness apart from requirements gathering and vendor performance scorecards -- Challenges for VMOs include the resistance to global sourcing and procurement, and business unit resistance to using the VMO -- Cutting costs and improving supplier performance were key factors in establishing the VMO, along with mitigating risk with supplier oversight -- What it means</abstract>
<note type="statement of responsibility">Tim Sheedy</note>
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<topic>Empresas de seguros</topic>
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<topic>Distribución comercial</topic>
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<topic>Política comercial</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080605544">
<topic>Departamento de ventas</topic>
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<topic>Tecnología de la información</topic>
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<topic>Outsourcing</topic>
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<topic>Mercados financieros</topic>
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<topic>Márketing de la empresa de seguros</topic>
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