Providing Vendor Management Services: Vendor Inventory - develop an accurate list of active vendors Vendor Ownership - utilize spend data and interviews to determine internal ownership of vendor engagement Vendor Triage - determine criticality of vendor to supply chain or business operations Vendor Categorization - categorized by service or product type Vendor Inherent Risk - determine risk relevance by regulation, criticality, or custom risk factors Vendor Operational Assessment - measure effectiveness of client governance and vendor performance VMS - design and populate a Vendor Management System