Understanding Vendor Management in Supply Chain Management

About this Course

Vendor management enables organizations to control costs, drive service excellence and mitigate risks in order to gain increased value from their vendors throughout a deal's life cycle. Managing vendors helps to achieve service, quality, cost and satisfaction goals.

This course aims to impart knowledge about vendor management and its benefits. It offers a detailed explanation of phases within a vendor lifecycle and a framework for measuring vendor performance.

By doing this course, you will learn to assess vendor performance objectively, based on defined criteria. You will also learn to manage vendors so that they perform better and contribute directly towards maximizing the success of a project.

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