Vendor Management

Description

Running a business is not just about taking care of your customers. It is also just as important to take care of your suppliers. This one-day course introduces the participant to the concept of Vendor Management and why it is an important aspect of doing business. Participants are given a complete overview on the procurement team’s scope emphasizing on why a proactive approach in managing vendors can be crucial to the organizations business strategy.

At the end of this course, the participant should be able to:

• Describe the scope of vendor management and the procurement team’s responsibility
• Apply Porter’s Five Force Framework in understanding his/her organization
• Describe the current state of the sourcing environment both globally and locally
• Describe the different stages in Vendor Management
• Perform a Post-Evaluation of Suppliers using either the categorical method or the weighted-point plan
• Perform a Post-Evaluation of Suppliers using a Cost-Ratio plan
• Describe the various supplier classifications
• Describe the various vendor management strategies
• Describe the advantages and disadvantages of the various types of supplier relationships

Course Outline

• Introduction
  • The true scope of Vendor Management
  • Procurement Responsibility
  • Porter’s Five Forces Framework
  • Activity: Porter’s Five Forces
• The Sourcing Environment
  • The global shift to a buyer’s market
  • The Philippine Procurement Law
• The Vendor Management Process (Source Selection)
  • Source Selection
  • Survey Stage
  • Inquiry Stage
  • Negotiation and Selection Stage
  • Experience Stage
  • Post-Evaluation of Suppliers
    • Categorical Method
    • Weighted Point Plan
  • Activity: Post-Evaluation of Suppliers
  • Cost-Ratio Plan
  • Activity: Cost-Ratio Plan
• Supplier Classification
• Vendor Management Strategies
• Supplier Relationships
  • Supplier Relationship Model
  • Supplier Relationship Continuum
• Summary and Wrap-Up

Who should attend

• Business Owners and Entrepreneurs
• Purchasing Managers and Officers
• Finance personnel dealing with suppliers
• Operations Managers
• Anyone who is interested in knowing more about how to manage suppliers better

Course Fee is inclusive of AM/PM snacks, lunch, access to the xworks learning management system, digital course materials, and course certificates.

Training Schedules

https://crossworks.ph/event/vendor-management-batch-191/

https://crossworks.ph/event/vendor-management-batch-192/