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Managing Suppliers and Vendors
Individual Licence (EUR 60)
€60.00
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Managing Suppliers and Vendors
€60.00
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Flexible returns
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Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in Managing Suppliers and Vendors.
This course will introduce the learner to the processes by which vendors and suppliers should be managed. The course will familiarize the learner with strategies for assessing risk, identifying candidates, and avoiding conflicts of interest, in addition to other details regarding the maintenance of strong vendor and supplier relationships. After completing this course, the learner will understand:
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a practical understanding of the key concepts covered in Managing Suppliers and Vendors.
- Recognise where the topic applies in real workplace or business situations.
- Apply the methods and good-practice approaches covered in the course with greater confidence.
Who is this course for?
This course is suitable for business professionals, administrators, managers and learners who want practical workplace skills they can apply immediately.
Course at a glance
- Study time: approximately 3 hours.
- Format: self-paced online learning.
- Professional development: CPD course.
Course Outline:
Seat Time: 3 hrs
This course will introduce the learner to the processes by which vendors and suppliers should be managed. The course will familiarize the learner with strategies for assessing risk, identifying candidates, and avoiding conflicts of interest, in addition to other details regarding the maintenance of strong vendor and supplier relationships. After completing this course, the learner will understand:
- How to properly solicit information from vendors and suppliers.
- How to rate vendor proposals.
- The importance of conducting due diligence measures.
Course Topics:
T1. Importance of Vendor Management: This topic will provide the learner with information regarding the vendor management process, and the benefits of successful vendor management.
T2. Defining Scope Establishing Selection Criteria: This topic will familiarize the learner with the process of vendor selection, common criteria that is considered for evaluating vendors, and provides a distinction between a single and multiple vendor system.
T3. Assessing Risk: This topic provides the learner with different aspects of risk that should be evaluated by organizations before they select a particular vendor.
T4. Identifying Candidates: This topic will provide the learner with possible sources from which an organization can identify potential vendors.
T5. Avoiding Conflicts of Interest: This topic will provide the learner with important information regarding the prevention of fraud, bribery, extortion, and conflicts of interest from occurring during the vendor selection process at an organization.
T6. Soliciting Information: This topic will provide the learner with information regarding the solicitation of information from vendors and offers a clear distinction between Requests for Information (RFIs), and (RFPs).
T7. Rating Vendor Proposals: This topic will provide the learner with detailed descriptions of the two methods for evaluating vendor proposals, and includes examples of each.
T8. Conducting Due Diligence: This topic will provide the learner with procedures for confirming information about a particular vendor after an organization has identified its final list of potential vendors.
T9. Establishing a Contract: This topic will provide the learner with different elements included in a vendor contract, and will demonstrate the importance of careful negotiation.
T10. Terms to Consider: This topic will identify and define terms typically used in vendor contracts, and emphasize the meaning of these terms, demonstrating why they must be considered by an organization.
T11. Relationship Management: This topic will provide the learner with key elements to maintaining a relationship between an organization and a vendor, and identifies the steps that should be taken after a vendor contract expires.
Continue your learning
Part of this learning pathway: Professional Skills
Course pathway: eBSI Banking Academy > Professional Skills > Managing Suppliers and Vendors
Explore more Professional Skills training or return to the eBSI Banking Academy.
Related eBSI learning pathway: eBSI Export Academy > Logistics & Supply Chain Management