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Flexible vendor management

by hudgeon on April 8, 2006

Yet another article on the importance of building flexibility into relationships:
Business Finance

Even when companies research, plan and enter a partnership with the best of intentions, it is still important for them to have a predefined process for dealing with problems and conflicts as they arise. "Flexibility post-agreement is just as important as flexibility pre-agreement," says MacInnis. "No one can legislate for every eventuality as each party changes and evolves, so there must be some way to deal with unforeseen changes in scope." If the alliance agreement and partners are flexible enough, the principles governing the relationship can be effective over the long term even as the alliance changes and evolves.

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