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Developing a Strong Supply Chain
by Hélène Pielmeier, Benjamin B. Sargent
November 30, 2015
November 30, 2015

 
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Summary

In theory, all language service providers have access to the same pool of resources. Yet in practice, so many vendor management strategies exist – different approaches to process, staffing, and tools – that every LSP ends up with a different database. Vendor pools vary in breadth and depth, shaped by the company’s clientele and its business approach.

To explore this subject further, CSA Research interviewed 31 LSPs. The first report resulting from this research series focused on how to design the vendor management function (see “Vendor Management at LSPs,” Oct15). This second installment analyzes best practices for companies developing their VM processes. This report guides new business owners wanting to systematize their approach to supply chain management. It also helps established VM teams on their trek toward process maturity. In this report, we cover:

  • Capacity Planning. We outline approaches to planning, situations that trigger new recruitment initiatives, and timing issues.
  • Locating Talent. We investigate the resources that LSPs use to find vendors and the challenges to ferret out the right talent.
  • Qualifying Vendors. We cover LSP practices tied to vendor screening, competency evaluation practices, rate negotiations, and paperwork.
  • Selecting Vendors. We review principles used to match vendors to projects and the challenges with getting project managers to try new resources.
  • Monitoring Performance. We examine the systems deployed by LSPs to rate vendor performance and manage problems.
  • The Key to Successful Relationships. We advise on how to develop mutually beneficial relationships with vendors.
  • Information Sources. We provide details on the profile of interviewees.


Availability
  • Industry Providers
  • Technology Vendors
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Pages: 47
 

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