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This report documents the findings and observations from a follow-up performance audit on Sound Transit\'s vendor management process, assessing compliance, implementation, and existing controls. The audit aimed to ensure that vendors are evaluated effectively under federal regulations, addressing issues in vendor performance assessments and documentation, particularly for public works, A&E, and IT contracts.
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How to fill out vendor management follow-up

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How to fill out vendor management follow-up

01
Gather all relevant vendor information and documents.
02
Review previous communications and meetings with the vendor.
03
Identify the key performance indicators (KPIs) that need to be assessed.
04
Prepare a list of questions or topics to discuss in the follow-up.
05
Schedule a follow-up meeting with the vendor and confirm attendance.
06
During the meeting, go through the agenda and collect feedback.
07
Document all responses and agreed-upon actions.
08
Set deadlines for any tasks assigned to the vendor.
09
Follow up with a summary email to ensure clarity on next steps.

Who needs vendor management follow-up?

01
Procurement teams responsible for vendor selection and management.
02
Project managers overseeing the delivery of services or products from vendors.
03
Finance teams monitoring vendor performance against contractual obligations.
04
Compliance officers ensuring vendor adherence to regulations and policies.
05
Any team that depends on vendor services or products for their operations.
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Vendor management follow-up refers to the process of monitoring and reviewing the performance and compliance of vendors after initial onboarding and contracts are established.
Organizations that engage with external vendors for services or goods and have contractual obligations to monitor vendor performance must file vendor management follow-ups.
To fill out a vendor management follow-up, collect relevant performance data, assess compliance with contractual terms, summarize findings, and document any necessary actions or decisions.
The purpose of vendor management follow-up is to ensure that vendors are meeting the agreed-upon terms and conditions, maintain quality standards, and manage risks associated with vendor relationships.
Information that must be reported includes vendor performance metrics, compliance with contract terms, any issues encountered, and any corrective actions taken or required.
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