Vendor Management

📌 Introduction

This workshop is designed to equip professionals with advanced tools and techniques for effective vendor management and development. Learn to assess, select, and develop vendors strategically while ensuring quality, cost-effectiveness, and performance. From rationalization and rating models to contract renegotiation and performance metrics, this program emphasizes building strong, accountable, and value-driven vendor relationships that align with your organization’s operational excellence goals.Tools

🎯 Course Objectives

🧪 The program takes you through various scientific methods (IBM & Bell) of vendor rating and capability assessment to develop a healthy vendor base, helping you reduce your working capital and lead time of your products.

⚙️ To achieve the survival mantra of cost, quality, and speed, more organizations are adopting vendor quality management strategies to stay competitive and maintain market leadership.

📈 Helps you evaluate the supply chain flexibility to meet fluctuations in customer demand on increased volumes and advancing timelines.

🤝 Develop an enterprise culture centered on supplier accountability for quality and timely delivery.