Integrating vendor performance management throughout the procurement cycle.
Developing understanding of key legal principles within vendor management.
Reviewing and implementing changes to better protect your organisation in vendor performance management.
Identifying and managing key risks (product, price, people, place or procurement).
Reducing risks in supplier contracting and outsourcing.
Acquiring comprehensive methods that manage vendor risks to protect your contracts and profit margins.
Improving vendor negotiation and management skills that adds tangible value and results.
Identifying strategic partnering and continuous improvement opportunities.
This course is suitable for procurement practitioners, quality assurance and supply chain professionals who have a direct responsibility for procurement and or supply chain and supplier relationship management, or delegates from a supplier, marketing and governance perspective, such as key account managers, bid management teams or commercial management who are seeking to develop improved understanding of how supplier performance is measured and managed.
The Key Principles of Effective Vendor Performance Management
Here we examine the key principles of Vendor Performance management & Vendor Relationship management throughout the procurement cycle
Aligning procurement and supplier management with organizational goals
Development of vendor management activities – Sourcing/Evaluation, Pre- Contract award stages
The use of E-Procurement in sourcing and vendor management – how to implement, manage and develop vendor management within the e-procurement environment
Effective use of data within vendor management
Practical exercise: “Penalties & Own Goals” – Creating the right balance
Case study review, analysis & critique: The Gartner report