TLB 8.6.18

Vendor Recovery

Available from Strategic Benefits Advisors

In situations where the performance of a vendor has fallen to levels that are not acceptable, vendor recovery may be an appropriate option to pursue. SBA’s process for vendor recovery includes the following steps:

— Review the vendor’s contract for scope of services, service level agreement parameters, pricing and other details
— Meet with client’s subject matter experts to gather facts and brainstorm about the vendor issues
— Analyze feedback from the meeting and develop a detailed description of each issue
— Meet with vendor resources to present the issues and gather their perspective
— Develop an extensive report regarding processing failures and root causes
— Draft a recovery plan for both the client and vendor, including a timetable for recovery, specific steps which should be taken in the process and who is responsible for the steps in the plan
— Actively address each issue in the recovery plan and monitor progress
— Modify or create an on-going process to ensure service level agreements are met as well as ways to address new issues as they arise
— Establish periodic meeting between the client and vendor to ensure process is being followed and to facilitate changes to the on-going plan

Rate and Review Strategic Benefits Advisors

Rating: 0 - 0 reviews
Let users know what you would have wanted to know about this company.
Click on a star to rate this company
 
  Privacy Policy.
When writing a review, please adhere to the Review Guidelines.