A company has decided to migrate from existing SaaS vendor to another SaaS vendor who has excellent reviews from its customers. At the time of migration, it figures out that the migration process with the existing vendor is very restricted and complicated. Which of the following terms describes the given situation with the existing vendor?
Question
A company has decided to migrate from existing SaaS vendor to another SaaS vendor who has excellent reviews from its customers. At the time of migration, it figures out that the migration process with the existing vendor is very restricted and complicated. Which of the following terms describes the given situation with the existing vendor?
Solution
The situation described with the existing vendor is known as "Vendor Lock-in". This term is used when a customer is dependent on a vendor for products and services and cannot easily switch to another vendor without substantial costs, significant inconvenience, or technical incompatibilities.
Similar Questions
A company is not happy with the service it is getting from the current PaaS vendor as the quality of service has degraded. They plan to avail service from another PaaS vendor who has good customer reviews. While initiating the migration process, they have come to know that the existing vendor uses some proprietary format to store data. What will happen in this scenario? Choose all the relevant options.Select one or more:The migration process will be difficult and complicated.The company will not be able to migrate ever. The company will fall into a situation called vendor lock-in.The company will pay the outstanding bill, if any, and migrate to the new vendor without any hassle.
Describe three levels of service provision from an external vendor.
Powerful suppliers capture more value by charging higher prices, limiting quality or services, or shifting cost to industry participants. Which of the following supplier-related factor will impose constraints on the profitability of the industry participants?Group of answer choicessuppliers depend heavily on the industrysuppliers are less concentrated than industry participantscredible threat of forward integrationmany substitutes being available for supplier products
Implementing and driving robust vendor development & vendor management process / protocols in order to onboard best strategic partners.
A company producing cosmetics may have hundreds of suppliers, some of which may be selling the same or similar raw and packaging materials to other cosmetics manufacturing companies. In addition, that same cosmetics manufacturer may sell to a retailer that buys similar cosmetics from a number of other manufacturers. This scenario illustratesMultiple Choicelogistics.distribution management.a supply chain.distribution center.a value chain.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.