A man is known by the company he keeps goes to the age old adage. True to this adage, it can be said that a company is known by the vendors it keeps. In today's competitive environment, progressive firms must be able to produce quality products at reasonable prices. Product quality is a direct result of the production workforce and suppliers. Buying organisations can no longer afford to maintain a large supplier base. There is a clear shift from one time operational relationship to a long term strategic relationship. This course is designed so that participants get insight on the strategic aspects of buyer-supplier relationships. This Strategic Vendor Management training course is designed so that you get insight on the strategic aspects of buyer-supplier relationships.
Indigenous concept by the faculty: - To gain competitive advantage, collaborative relationship with vendors is important. Vendor development plays a crucial role here. However, it is of paramount importance to decide which vendors to develop, how to develop. In this programme, you will get a blueprint of the Vendor Development Plan (VDP). This is faculty developed indigenous document and you will not find it in any book or website.
By attending Strategic Vendor Management workshop, delegates will learn:
- Distinguishing between strategic, tactical and operational procurement
- Developing a checklist so as to appraise the vendors
- Evaluating and rating the potential vendors
- Categorization of the vendors
- Distinguishing between traditional and partnership supplier relationships
- Understanding what preparatory work needs to be done before negotiating with vendors