Vendor Management in Relationships and Risks

Course Objectives

• Provide participants with the knowledge & information to understand and manage new and existing Vendors in order to meet the Procurement business objectives and ensure a smooth Supply Chain management process.
• Know the Consequences of how Vendor Relationship and performances would impact on the bottom line if not managed well.
• Define the various risks & quality requirements, if there is non-compliance.
• Manage the documentation that are actively created, monitored and cultivated to ensure your business objectives are achieved.
• Understand the successful vendor management principles and strategies.
• Manage proper selection of competent vendors to save costs and increase productivity in the procuring process.
• Aware of the importance of contract management with Vendors.

Target Audience

Anyone who wants to know about the overview of Vendor Management and their roles to support the Supply chain so that the business process can run efficiently.Supervisors in organization who wish to provide structured training and conduct relevant and fair assessment in their organization so as to achieve PEAK PERFORMANCE.

Methodology

Lectures, workshop activity , Case study , Pre & Post tests

Course Modules

Module 1: Introduction to Vendor Management

Module 2: Vendor Selection Process

Module 3: Manage Vendor Risks, Quality & Contract Management

Module 4: Create a Successful Vendor Relationship