Episode 121 | Vendor Management 101

Question

Hey Work Wives,  it's Hannah from Detroit. I think this is a simple question, but I'm not really sure. So I report directly to the CMO and she's telling me that now I'm managing this vendor. The vendor's new to us. I don't really know what they do yet, but she's telling me it's my job, or it's part of my job, to manage them. I don't really know how to proceed. I've only been at this company for nine months and I've never really worked with a vendor before and I certainly haven't managed a vendor before, so I'm curious if you have any advice on this topic. Oh, and then I think my other question around this topic is, does it affect my compensation in any way?

Summary

New to managing vendors? Here’s everything you need to know, from structure, comms, process, and approvals, to our favorite question: does this affect your compensation in any way?

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