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Vendor spending represents over 50% of IT spend, yet vendor management remains one of the most immature disciplines in IT organizations. Even if one has deployed asset management, one may be missing an opportunity to save from 5 to 15% of overall vendor spend by centralizing vendor relationship information, managing vendor performance, consolidating the vendor portfolio, and improving vendor governance to ensure business-aligned, cost effective decisions. The presenter of this webcast discusses best practices and benefits of a comprehensive vendor management program as part of his initiative to improve overall IT Business Management practices at Dresdner.
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