Lessons From Insurance And Airports

There has been some recent insight that has been given into some particular lessons from insurance and airports themselves. In more detail these particular lessons in general are associated with building a vendor management office. In particular when it comes to this the companies drive to modernize vendor management is a part of a broader transformation agenda.

Key Takeaways:

  • Managing vendors and procurement activities effectively has never been more important
  • Alas, project management isn’t like Amazon. There’s no “one click” buy button or overnight shipping when you’re building a bridge, submarine or a CRM implementation
  • Economical Insurance was founded in 1871. Today, it is one of Canada’s leading property and casualty (P&C) insurance companies

“Be wary of conflicts of interest. Some consultants have business relationships with other organizations that may influence their recommendations. These relationships become problematic when YOU are unaware of these interests.”

http://projectmanagementhacks.com/building-a-vendor-management-office/

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