Balancing performance remedies and incentives can significantly improve vendor collaboration and drive better results. This Power Lab provides participants with actionable strategies to design financial and non-financial remedies and incentives that motivate vendors while mitigating risks.
Participants will learn to address underperformance, reward excellence, and build accountability mechanisms that align vendor performance with your organizational goals.
Who Should Attend?
Vendor Managers: Optimize vendor performance using remedies and incentives.
Risk Specialists: Develop protective measures for missed deliverables.
Procurement Leads: Enhance vendor relationships through collaborative strategies.
By the end of this Power Lab, participants will:
Design Effective Remedies: Create remedies and penalties that address non-compliance effectively.
Motivate Vendors with Incentives: Develop incentives to encourage vendor excellence.
Establish Balanced Performance Models: Align remedies and incentives with contract goals to drive measurable results.
Copyright
Powered by Higher Logic