What is Vendor Lock-In Score?
The Vendor Lock-In Score assesses the level of difficulty involved in switching away from a vendor or tool, factoring in contract terms, integration complexity, and the vendor's role within the organization.
Why it Matters
Vendor lock-in can significantly impact an organization's flexibility and long-term strategy. By assessing the lock-in score, businesses can plan for potential transitions and mitigate risks associated with being tied to a single vendor.
Benefits
- Measures the risk and difficulty of switching vendors
- Helps organizations plan for future transitions or migrations
- Supports risk management and strategic vendor diversification
- Informs contract negotiation strategies
