by Laurianne McLaughlin

Get a Grip on Vendors

Sep 24, 20071 min

What's a vendor management office and who wants one? A quick peek at the state of the VMO.

How do you squeeze the most value from your company’s relationships with hardware and software companies, management consultants and outsourcing firms? Almost half of North American companies now use a dedicated team:

47% of North American businesses have a vendor management office (VMO).

73% of VMOs exist inside the IT organization. That’s up from 62% in 2005.

52% of companies with a VMO say it helps IT’s rep: IT is viewed more positively than it was one year ago.

Source: Forrester Research, “Trends in North American Vendor Management.”