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Course Code: PSCO 587
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Vendor Management
Course Sector:
Procurement & Supply Chain Operations
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Zürich, Switzerland $5,950
02
5 Days
Riyadh, KSA $4,950
03
5 Days
Abu Dhabi, UAE $4,250
Introduction
Training course introducion / brief
Companies are looking at varied strategies to be cost-effective while being extremely responsive as operations become more
globally diversified. The accomplishment of these organizational goals is significantly aided by strategic sourcing and related operations.
globally diversified. The accomplishment of these organizational goals is significantly aided by strategic sourcing and related operations.
In order to impart a deeper grasp of efficient sourcing techniques, the program on Vendor Management will draw insights from both successful global companies and emerging economies.
It will also showcase varied methods for enabling wise analytical sourcing decisions.
The advanced Vendor Management training program will assist supply chain professionals in handling regulatory changes, unforeseen challenges, and potential risks, as well as accommodating best-cost suppliers.
The advanced Vendor Management training program will assist supply chain professionals in handling regulatory changes, unforeseen challenges, and potential risks, as well as accommodating best-cost suppliers.
By the strategic utilization of advanced tools for effective Vendor Management, the sourcing teams will be able to effectively monitor and manage global suppliers.
Course Objectives
At the end of the training course, participants will be able to
- Exercise better vendor relationship management by analyzing the key
- features of vendor management.
- Recognize and implement proven strategies for effective vendor risk management.
- Identify effective techniques for managing technology vendor contracts.
- Recognize strategies for monitoring and evaluating vendor performance.
- Practice top-notch vendor audits.
- Identify tactics for resolving vendor issues and disputes.
Course Audience
Who is this course for, and can benefit the most
- Procurement Manager / Supervisor
- Procurement officer / assistant
- Purchase officer
- Vendor manager
- Supplier relationship officer
- Purchase coordinator
- International Buyer
- Category purchasing manager
- Supply chain officer- Procurements
- Logistics Professionals
- Distribution Managers
- Working in this field
- These who wants to start a career in this field
Course Outline
The course aims and learning outcomes
Module 1
Introduction to Vendor Management
- What is Vendor Management?
- Benefits of Vendor Management
- Challenges of Vendor Management
- Vendor Lifecycle Management
- Phases of Vendor Lifecycle Management
- Pillars of Effective Vendor Management
Module 2
Vendor Management Process
Vendor Management Process
- Selection of Vendors
- Contract Negotiation
- Vendor Onboarding
- Monitoring Vendor Performance
- Managing Risks
Module 3
Contracts Management
- Effective Vendor Management Strategies
- Vendor Contract Management Process
- Evaluation of Bid Proposals
- Vendor Agreements
- Creating Effective SOWs
- Contract Risk Types
Module 4
Vendor Relationships
Vendor Relationships
- Managing Vendor Relationships
- Changing Controls Systems
- Escalation Management
- Effective ways to Negotiate with Vendors
- Dispute Resolution
Module 5
Module 6
Metrics
- Vendor Metrics
- Understanding Responsibility Assignment
- Matrix
- Vendor Scorecard
- Vendor Performance
- Balanced Scorecard (BSC)
- Improve Vendor Management Process
Risk Management
- Vendor Risks
- Risk Mitigation
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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