course | Effective Vendor Management for Engineering and Operations Managers
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PSCO-553 | Effective Vendor Management for Engineering and Operations Managers
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-04-28 | 2025-05-02 | Dubai | $4,250 | Book now |
| 5 Days | 2028-09-21 | 2028-09-25 | Online | $2,150 | Book now |
| 5 Days | 2025-09-28 | 2025-10-02 | Riyadh | $4,250 | Book now |
| 5 Days | 2025-11-24 | 2025-11-28 | Abu Dhabi | $4,250 | Book now |
Course Introduction
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 objective
- 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 Outline | Day 01
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)
Course Outline | Day 02
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
Course Outline | Day 03
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
Course Outline | Day 04
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
Course Outline | Day 05
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
BOOST’s Professional Attendance Certificate “BPAC”
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.
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