Start Date: 1 Jul, 2024
End Date : 5 Jul, 2024
Duration : 5 Days
Overall Description:
Building good vendor relationships can significantly impact profitability in today's business world. This course explores different types of strategic business relationships and provides tips on improving relationships with vendors. It also covers various go-to-market strategies that can be utilized to integrate vendor relations. Additionally, it emphasizes the importance of solid leadership and communication skills in maximizing the benefits of vendor relations.
Course Objectives:
- Managing the procurement and payment processes.
- Evaluate vendor profiles for fit with organizational needs and direction.
- Practice vendor integration techniques to support strategic purchasing objectives.
- Manage vendor performance to ensure continuous improvement of offerings.
- Apply winning go-to-market strategies to support internal capabilities.
- Utilize essential leadership skills to improve vendor relationship outcomes.
Course Outline (Content):
Procurement and Payment Management
- What is Purchasing Management
- Procurement Model
- Specifying Requirements of Your Products or Services Correctly
- Supply Positioning Model
- Major Payment Methods
Vendor validation process
- Sources for gathering information
- prequalification
- Vendor risk assessments
- Sustainable vendor relations
Vendor development and integration
- Vendor diversity programs
- Partnering typologies
- Vendor development
For full outline details please view the PDF file.
Who Should Attend?
- Vendor Relation Managers
- Procurement Managers
- Supply Chain Managers
- Supply Chain Professionals
Course Methodology:
We utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course will be conducted as a highly interactive workshop session. A variety of training methodologies will be used Before and during the course whenever applicable. Some of these methods are gamification, online pre-post test, role plays, self-assessment instruments, group exercises & case studies.
