Vendor portfolio management in support of vendor relationship management analysis, planning and evaluation
View Patent ↗Various examples include a system and methods in support of vendor relationship management, analysis, planning and evaluation including dealing with collections of vendors called vendor portfolios. In various examples the system includes a database, vendor portfolio definer, a vendor portfolio populator, and a vendor portfolio analyzer. The database houses vendor data. In various examples the vendor portfolio definer allows vendor portfolios to be created, meta data, including complex documents, to be associated with vendor portfolios, and user access permissions to be assigned to vendor portfolios. In various examples the vendor portfolio populator facilitates user selection of the vendors that will make up the collection of vendors in the vendor portfolio. The vendor portfolio analyzer analyzes a business metric using vendor portfolios. In various examples the vendor portfolio analyzer allows user to perform what-if analysis on vendor portfolios. In various examples the vendor portfolio definer includes a risk management definer, the vendor portfolio populator includes a risk management screener, and the vendor portfolio analyzer includes a risk manager to facilitate managing vendors base on the organizational risk they pose. In various examples the database contains information about obligations owed to and from a vendor and the vendor portfolio analyzer includes an obligation analyzer to analyze the organizational impact of vendor obligations.
1. A computer-implemented method, the method comprising:
storing information technology (IT) vendor information from an organization's IT vendors in a database;
defining, by a vendor portfolio definer, a plurality of vendor portfolios and storing the plurality of vendor portfolios in the database, wherein defining the plurality of vendor portfolios includes, for each vendor portfolio, one or more of:
defining, by a risk management definer, one or more organizational risk levels for the vendor portfolio;
defining, by an access controller, one more user access criteria for the vendor portfolio; and
associating, by a meta data editor, one or more meta data items with the vendor portfolio;
populating, by a vendor portfolio populator, a first vendor portfolio with a first subset of the organization's IT vendors and associated IT vendor information;
populating, by the vendor portfolio populator, a second vendor portfolio with a second subset of the organization's IT vendors and associated IT vendor information; and
managing, by a vendor portfolio analyzer, the organization's IT vendors, using one or more processors, by analyzing at least one business metric across the first vendor portfolio.
2. The computer-implemented method of claim 1 , wherein managing the organization's IT vendors includes performing what-if analysis, the what-if analysis including:
copying the first vendor portfolio to a third vendor portfolio;
changing the third vendor portfolio; and
analyzing at least one business metric across the third vendor portfolio.
3. The computer-implemented method of claim 2 , wherein changing the third vendor portfolio includes modifying, adding, or deleting at least one piece of data related to the third vendor portfolio, the one piece of data including the third vendor portfolio's definition, meta data associated with the third vendor portfolio, or the IT vendor information within the third vendor portfolio.
4. The computer-implemented method of claim 1 , wherein defining the one or more user access criterion, for a given vendor portfolio, comprises assigning respective user access permissions for one or more users.
5. The computer-implemented method of claim 1 , wherein associating meta data with a given vendor portfolio comprises associating at least one of a report, a presentation and a document with the given vendor portfolio.
6. A computer-implemented method, the method comprising:
storing information technology (IT) vendor information from an organization's IT vendors in a database;
defining, by a risk management definer included in a vendor portfolio definer, at least one organizational risk level for the organization;
defining, by the vendor portfolio definer a vendor portfolio based on the organizational risk level;
storing the vendor portfolio in the database;
placing, by a vendor portfolio populator, a plurality of the organization's IT vendors that match the organizational risk level and associated IT vendor information into the vendor portfolio, wherein the vendor portfolio populator include a risk management screener configured to restrict which of the plurality of the organization's IT vendors are included in the vendor portfolio based on the organizational risk level defined by the vendor portfolio definer; and
managing, by a vendor portfolio analyzer, the organization's IT vendors in the vendor portfolio, using one or more processors, by analyzing at least one business metric using the vendor portfolio.
7. The computer-implemented method of claim 6 , wherein managing the organization's IT vendors includes performing what-if analysis, the what-if analysis including:
copying the vendor portfolio to a second vendor portfolio;
changing the second vendor portfolio; and
analyzing at least one business metric using the second vendor portfolio.
8. The computer-implemented method of claim 7 , wherein changing the second vendor portfolio includes modifying, adding, or deleting at least one piece of data related to the second vendor portfolio, the one piece of data including the second vendor portfolio's definition, meta data associated with the second vendor portfolio, or the IT vendor information within the second vendor portfolio.
9. The computer-implemented method of claim 6 , wherein defining a vendor portfolio includes managing access to the vendor portfolio by defining a user permission criterion and assigning the user permission criterion to the vendor portfolio.
10. The computer-implemented method of claim 6 , wherein defining a vendor portfolio includes associating meta data with the vendor portfolio, the meta data including a report, a presentation, or a document.
11. A computer-implemented method, the method comprising:
storing information technology (IT) vendor obligations between an organization's IT department and an organization's IT vendors in a database;
defining, by a vendor portfolio definer, a vendor portfolio including a plurality of the organization's IT vendors;
storing the vendor portfolio in the database;
placing, by a vendor portfolio populator, IT vendor obligations, associated with the plurality of the organization's IT vendors, into the vendor portfolio; and
managing, by a vendor portfolio analyzer, the plurality of the organization's IT vendors, using one or more processors, by analyzing, by an obligation analyzer of the vendor portfolio analyzer, the organizational impact of the IT vendor obligations within the vendor portfolio, the obligation analyzer being configured to track, for each of the plurality of vendors, obligations owed from the vendor to the organization and obligations owed from the organization to the vendor.
12. The computer-implemented method of claim 1 , wherein managing the plurality of the organization's IT vendors includes performing what-if analysis, the what-if analysis including:
copying the vendor portfolio to a second vendor portfolio;
changing the second vendor portfolio; and
analyzing the organizational impact of the IT vendor obligations within the second vendor portfolio.
13. The computer-implemented method of claim 12 , wherein changing the contents of the second vendor portfolio includes modifying, adding, or deleting at least one piece of data related to the second vendor portfolio, the one piece of data including the second vendor portfolio's definition, meta data associated with the second vendor portfolio, or the IT vendor obligations within the second vendor portfolio.
14. The computer-implemented method of claim 11 , wherein defining a vendor portfolio includes managing access to the vendor portfolio by defining a user permission criterion and assigning the user permission criterion to the vendor portfolio.
15. The computer-implemented method of claim 11 , wherein defining a vendor portfolio includes associating meta data with the vendor portfolio, the meta data including a report, a presentation, or a document.
16. A system for supporting information technology (IT) vendor management, the system comprising:
at least one processor operable to execute:
a database containing IT vendor information;
a vendor portfolio definer, coupled to the database, and configured to create a vendor portfolio and store the vendor portfolio to the database, the vendor portfolio definer including:
a risk management definer configured to define an organizational risk level for the vendor portfolio;
an access controller configured to define one more user access criteria for the vendor portfolio; and
a meta data editor configured to associate one or more meta data items with the vendor portfolio;
a vendor portfolio populator, coupled to the database, and configured to place a plurality of an organization's IT vendors and associated IT vendor information, into the vendor portfolio; and
a vendor portfolio analyzer, coupled to the database, and configured to analyze at least one business metric using the vendor portfolio.
17. The system of claim 16 , wherein:
the risk management definer is further configured to associate the vendor portfolio to the organizational risk level; and
the vendor portfolio populator includes a risk management screener configured to enable only an organization's IT vendors that match the organizational risk level into the vendor portfolio.
18. The system of claim 17 , wherein the vendor portfolio analyzer includes a risk management analyzer configured to analyze a second business metric, associated with the organizational risk level, using the vendor portfolio.
19. The system of claim 18 , wherein the risk management analyzer includes a what-if analyzer configured to:
copy the vendor portfolio to a second vendor portfolio;
change the second vendor portfolio; and
analyze the first or second business metric using the second vendor portfolio.
20. The system of claim 16 , wherein the vendor portfolio analyzer includes an obligation analyzer configured to analyze organizational impact of IT vendor obligations within the vendor portfolio, the IT vendor obligations being obligations between an organization's IT department and the organization's IT vendors.
21. The system of claim 20 , wherein the obligation analyzer includes a what-if analyzer configured to:
copy the vendor portfolio to a second vendor portfolio;
change the second vendor portfolio; and
analyze the organizational impact of the IT the vendor obligations within the second vendor portfolio.
22. The system of claim 16 , wherein the vendor portfolio analyzer includes a what-if analyzer configured to:
copy the vendor portfolio to a second vendor portfolio;
change the second vendor portfolio; and
analyze at least one business metric using the vendor portfolio.
23. The system of claim 16 , wherein the vendor portfolio definer includes an access controller configured to define user access criteria and assigning the user access criteria to the vendor portfolio.
24. The system of claim 16 , wherein the vendor portfolio definer includes a meta data editor configured to associate meta data with the vendor portfolio.