course | Vendor Management
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PSCO-605 | Vendor Management
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-05-18 | 2025-05-22 | Dubai | $4,250 | Book now |
| 5 Days | 2025-06-22 | 2025-06-26 | Online | $2,150 | Book now |
| 5 Days | 2025-07-21 | 2025-07-25 | Zurich | $5,950 | Book now |
| 5 Days | 2025-10-12 | 2025-10-16 | Riyadh | $4,950 | Book now |
| 5 Days | 2025-11-17 | 2025-11-21 | Dubai | $4,250 | Book now |
Course Introduction
Companies are looking at varied strategies to be cost-effective while being extremely responsive as operations become more
globally diversified. The accomplishment of these organizational goals is significantly aided by strategic sourcing and related operations.
In order to impart a deeper grasp of efficient sourcing techniques, the program on Vendor Management will draw insights from both successful global companies and emerging economies.
It will also showcase varied methods for enabling wise analytical sourcing decisions.
The advanced Vendor Management training program will assist supply chain professionals in handling regulatory changes, unforeseen challenges, and potential risks, as well as accommodating best-cost suppliers.
By the strategic utilization of advanced tools for effective Vendor Management, the sourcing teams will be able to effectively monitor and manage global suppliers.
Course objective
- Exercise better vendor relationship management by analyzing the key
- features of vendor management.
- Recognize and implement proven strategies for effective vendor risk management.
- Identify effective techniques for managing technology vendor contracts.
- Recognize strategies for monitoring and evaluating vendor performance.
- Practice top-notch vendor audits.
- Identify tactics for resolving vendor issues and disputes.
Course Outline | Day 01
Module 1
- What is Vendor Management?
- Benefits of Vendor Management
- Challenges of Vendor Management
- Vendor Lifecycle Management
- Phases of Vendor Lifecycle Management
- Pillars of Effective Vendor Management
Course Outline | Day 02
Module 2
Vendor Management Process
- Selection of Vendors
- Contract Negotiation
- Vendor Onboarding
- Monitoring Vendor Performance
- Managing Risks
Course Outline | Day 03
- Effective Vendor Management Strategies
- Vendor Contract Management Process
- Evaluation of Bid Proposals
- Vendor Agreements
- Creating Effective SOWs
- Contract Risk Types
Course Outline | Day 04
Module 4
Vendor Relationships
- Managing Vendor Relationships
- Changing Controls Systems
- Escalation Management
- Effective ways to Negotiate with Vendors
- Dispute Resolution
Course Outline | Day 05
Module 5
- Vendor Metrics
- Understanding Responsibility Assignment
- Matrix
- Vendor Scorecard
- Vendor Performance
- Balanced Scorecard (BSC)
- Improve Vendor Management Process
Module 6
- Vendor Risks
- Risk Mitigation
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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