IT Vendor Management Policy Template

Why Vendor Management Matters

Your IT vendors are extensions of your team. A bad vendor means bad service, security risks, and wasted money. A vendor management policy ensures you select, manage, and replace vendors based on data, not relationships.

Vendor Lifecycle

• Selection: Evaluate at least 3 vendors. Score on price, quality, support, compliance, and references.
• Onboarding: Verify GSTIN, PAN, insurance, NDAs, and SLAs before first transaction.
• Performance tracking: Monthly scorecards on delivery, quality, support, and compliance.
• Review: Quarterly business reviews with top vendors.
• Termination: Notice period, data return, transition plan.

Download the Template

Download the IT Vendor Management Policy Template