Supplier Selection
Supplier Selection can be a difficult and time consuming process often requiring dedicated resource that has the experience to drive an evaluation using consistent scoring of quantitative requirements.
Cosonovo has built and managed these processes and often acts as the trusted advisor to clients, taking the lead in commercial and contract negotiations.
Case Study
At a leading UK Tier 1 bank one of our consultants recently took the lead on and designed the tender process for the selection of a new order routing system. The work required the consultant to create the Request for Proposal documentation (including a weighted scoring mechanism linked to requirements), carry out the vendor interviews, run the legal and commercial negotiations (including Service Level Agreements) and ultimately ensure the processes were in place for ongoing supplier management.
You may also be interested in:
Articles
Cosonovo is considered a thought leader in regulatory change management and has written several articles related to MiFID. more