Understanding Vendor Management in Supply Chain Management
Understanding Vendor Management in Supply Chain Management
Session
Duration: 1 Week
Commitment: 2-3 Hours
Language
English
Course Format
Online Self-paced
What will you learn
About this Course
Vendor management enables organisations to control costs, drive service excellence and mitigate risks in order to gain increased value from their vendors throughout a deal's lifecycle. 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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Who would benefit?
- Professionals dealing with vendors in an organisation
- College students looking to make their career in Supply Chain Management
Course Syllabus
Prerequisites
Basic knowledge of the English language is the only requirement.