Vendor Management Objectives are all about creating and maintaining successful relationships between businesses and external suppliers. This means setting clear expectations, understanding mutual responsibilities and being responsive to each other’s needs. By understanding and meeting each other’s objectives, you can create a secure, accountable and mutually beneficial partnership, ensuring commitments are met on time, within budget and with high quality outcomes. Vendors are an essential part of the success process – so make sure you actively manage them for the best results!