Tips for managing multiple IT vendors

Here are some tips to reap the benefits of having multiple different vendors and avoid the difficulties of managing them

There are a number of reasons that businesses find themselves working with multiple vendors. Companies might be looking for skills that are missing from in-house teams, for example, or they could want a vendor to handle certain business processes. 

Other benefits could include access to the latest innovation way outside your field of expertise or simply a wide range of helping hands to choose from with an extensive knowledge pool. But there's also the risk of bloat, or creating an intangible tangle of companies that are difficult to manage.

Luckily there are some steps you can take to make this less of a challenge. CIO UK looks at the best ways to ensure multi-vendor outsourcing results in cost savings while also creating a diverse service hub of skills to support business needs. 

Read next: CIO tips on partnerships with vendors

Additional reporting by Hannah Williams.