FREE SAM Software Procurement & Vendor Management Questions and Answers
Which of the following is a key responsibility when managing software vendors?
Vendor management includes maintaining a strong relationship with the vendor, monitoring their performance, ensuring compliance with contracts, and handling any disputes or issues.
Which of these can help an organization reduce software procurement costs?
Volume purchasing or enterprise agreements often lead to significant cost savings, as vendors provide discounts when licenses are bought in bulk or over long-term contracts.
What factor is important to consider when selecting a software vendor?
It's important to choose a vendor that can support the organization’s future needs, ensuring that their software is scalable and adaptable as your company grows and technology evolves.
What is the primary goal of software procurement in an organization?
The goal of software procurement is to ensure that the organization acquires the right software to meet its needs while negotiating the best possible pricing and licensing terms.
When negotiating with a software vendor, what is the best approach?
The best approach is to assess the organization’s needs first, then negotiate terms and pricing that provide the most value and flexibility based on those needs, which includes license terms, support, and upgrades.