Private Equity Firms And The Vendor Management Conundrum (Part I)
What if I told you that a poorly managed company spends around 7,500-10,000 person-hours every year, per $50 million worth of program management done for outsourcing and other purchases? Whereas, a best-in-class company focused on cost effectiveness, efficiency, cycle time, and productivity, spends only a fraction (1/5th) of that time?
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