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Course Code: PSCO 1824
13 Course Visits
Strategic Vendor Management for Engineering and Operations Managers
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
Abu Dhabi, UAE $4,250
02
5 Days
Riyadh, KSA $4,250
03
5 Days
Online, Virtual $2,150
Introduction
Training course introducion / brief
This course focuses on strategic approaches to vendor management, emphasizing alignment with organizational goals and long-term value creation. Managers will learn to develop strategic vendor partnerships that enhance operational efficiency and drive innovation.
Course Objectives
At the end of the training course, participants will be able to
- Develop a strategic approach to vendor management.
- Align vendor relationships with organizational objectives.
- Foster innovation through strategic vendor partnerships.
- Implement best practices for long-term vendor success.
Course Audience
Who is this course for, and can benefit the most
- Managers and leaders in engineering and operations
- Procurement and supply chain professionals
- Project managers overseeing vendor relationships
- Professionals seeking to enhance their vendor management skills
Course Outline
The course aims and learning outcomes
Understanding Strategic Vendor Management
- Definition and significance of strategic vendor management
- The relationship between vendor management and business strategy
- Key principles of strategic vendor partnerships
Aligning Vendor Strategy with Business Goals
- Identifying organizational objectives and priorities
- Evaluating how vendor partnerships can support business goals
- Communicating strategic alignment to stakeholders
Vendor Segmentation and Categorization
- Classifying vendors based on strategic importance
- Developing tailored management approaches for different vendor categories
- Tools for effective vendor segmentation
Innovation through Vendor Partnerships
- Encouraging collaborative innovation with vendors
- Identifying opportunities for joint development projects
- Best practices for fostering a culture of innovation
Strategic Negotiation Techniques
- Advanced negotiation strategies for strategic partnerships
- Building value in negotiations: Win-win approaches
- Managing complex negotiations with multiple stakeholders
Performance Measurement and Management
- Developing strategic KPIs for vendor performance
- Analyzing vendor performance against strategic goals
- Continuous monitoring and adjustment of vendor strategies
Risk Assessment and Management
- Conducting strategic risk assessments for vendor relationships
- Developing comprehensive risk management plans
- Monitoring and responding to emerging risks
Technology and Vendor Management
- Role of technology in enhancing strategic vendor management
- Overview of tools for collaboration and communication
- Data-driven decision-making in vendor management
Building a Collaborative Vendor Ecosystem
- Strategies for creating a collaborative vendor network
- Best practices for knowledge sharing and joint problem-solving
- Leveraging vendor capabilities for competitive advantage
Future Directions in Vendor Management
- Trends shaping the future of vendor management
- The impact of technology and globalization on vendor relationships
- Preparing for evolving vendor management challenges
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.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
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