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Course Code: PSCO 1823
39 Course Visits
Effective 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
Online, Virtual $2,150
02
5 Days
Riyadh, KSA $4,250
03
5 Days
Abu Dhabi, UAE $4,250
Introduction
Training course introducion / brief
This course provides managers with the skills and knowledge necessary to effectively manage vendor relationships within engineering and operations. Participants will learn best practices for selecting, evaluating, and maintaining vendor partnerships that align with organizational goals.
Course Objectives
At the end of the training course, participants will be able to
- Understand the vendor management lifecycle.
- Develop effective vendor selection and evaluation criteria.
- Manage vendor relationships to ensure performance and compliance.
- Implement strategies for continuous improvement in vendor management.
Course Audience
Who is this course for, and can benefit the most
coming soon
Course Outline
The course aims and learning outcomes
Introduction to Vendor Management
- Definition and importance of vendor management
- Overview of the vendor management lifecycle
- The role of managers in vendor relationships
Vendor Selection and Evaluation
- Criteria for selecting vendors: Quality, cost, reliability
- Conducting vendor assessments and due diligence
- Tools for vendor evaluation (e.g., scorecards, audits)
Contract Management
- Key components of vendor contracts
- Negotiation strategies for favorable terms
- Managing contract compliance and obligations
Performance Management
- Setting clear performance metrics and KPIs
- Monitoring vendor performance and outcomes
- Utilizing feedback mechanisms for performance improvement
Relationship Management
- Building and maintaining strong vendor relationships
- Strategies for effective communication and collaboration
- Conflict resolution techniques in vendor management
Risk Management in Vendor Relationships
- Identifying potential risks in vendor partnerships
- Developing risk mitigation strategies
- Contingency planning for vendor-related disruptions
Technology in Vendor Management
- Overview of vendor management systems (VMS)
- Leveraging technology for improved efficiency
- Data analytics in vendor performance tracking
Compliance and Regulatory Considerations
- Understanding compliance requirements related to vendors
- Best practices for ensuring vendor compliance
- Ethical considerations in vendor management
Continuous Improvement Strategies
- Implementing continuous improvement practices
- Gathering and analyzing vendor feedback
- Adapting vendor management strategies based on insights
Future Trends in Vendor Management
- Emerging trends and technologies in vendor management
- The impact of global supply chain dynamics
- Preparing for the future of vendor relationships
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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