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Vendor Selection & Management: Avoid Costly Mistakes

January 18, 2025•By The CTO•1 min read•
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A comprehensive framework for evaluating, selecting, and managing software vendors. Includes RFP templates, scoring matrices, contract negotiation tactics, and vendor relationship management strategies.

The Vendor Decision That Haunts You for Years

Your team needs a new monitoring tool. Sales demos look impressive. "Just $10K/year!" sounds reasonable. You sign a 3-year contract. Six months later, you're locked in, the bill is actually $40K, and the tool barely works. Switching would cost 6 months of engineering time.

Most CTOs choose vendors based on slick demos, peer recommendations, or "everyone uses it." Then they discover vendor lock-in, surprise pricing changes, poor support, or that the product doesn't actually solve their problem.

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