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What is the Vendor Management Maturity Model (VMMM)?
A Vendor Management Maturity Model (VMMM) is a framework that helps organizations assess the effectiveness of their vendor management practices and identify areas for improvement. It outlines different stages of maturity, ranging from reactive and ad-hoc to proactive and optimized,…
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Simplifying Supply Chain Optimization: A Beginner’s Guide to Using Maturity Models
Understanding and optimizing supply chain processes can seem like a daunting task. However, using maturity models can significantly simplify this process. These models act as valuable tools that help companies identify areas for improvement, locate bottlenecks, and align their performance…
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