Vendor Exit Strategies and Plans: Managing the Offboarding Process Safely and Effectively

Vendor relationships can end for many reasons. Your organization’s needs may have changed, you’re looking for a new vendor who better aligns with your strategic goals, or your current vendor is no longer meeting your service level requirements. 

Regardless of the reason, it’s essential to have your vendor exit strategies in place before vendor termination. And having your exit strategy in place is only part of the equation. You also need to know how you're going to move forward without this vendor and how termination of services will impact your organization and customers.  

In this session, we’ll discuss vendor exit strategies and exit plans and cover the offboarding activities every organization should consider before exiting a vendor relationship.  

Watch now to learn: 

• What exit strategies and plans are and why they are important
• Real-world examples
• Identifying exit strategies and developing exit plans
• Roles, responsibilities, and routines
• Offboarding activities and checkpoints
• Key takeaways