Vendor Management & Sourcing
Join our dynamic Vendor Management Workshop to refine your skills in sourcing and cultivating successful vendor relationships. This comprehensive program covers strategic vendor selection, negotiation tactics, and risk management. Through interactive sessions, participants will gain practical insights to optimize their vendor management practices. Elevate your proficiency in vendor interactions and enhance your organization’s sourcing strategies.
Don’t miss this opportunity to boost your expertise and contribute to the success of your vendor management initiatives.
The Vendor Management Workshop aims to empower participants with comprehensive skills in the strategic evaluation and management of vendor relationships. Key objectives include refining vendor selection processes, optimizing negotiation techniques, and fostering collaborative partnerships. Participants will gain practical insights to enhance procurement efficiency, mitigate risks, and ensure ethical practices.
This workshop is designed to equip individuals with the expertise needed to excel in vendor management, driving success in their respective roles and organizations.
Who Should Attend
- Procurement Professionals
- Supply Chain Managers
- Sourcing Specialists
- Operations Managers
- Business Owners
- Anyone Involved in Purchasing Decisions
Benefits of Attending
Participating in the Vendor Management & Sourcing workshop offers a transformative experience, providing a holistic grasp of sourcing dynamics. Engage in interactive activities like the Number Game for a 360-degree understanding. Network with industry peers through participant introductions, fostering collaboration. Gain clarity on vendor definitions, learn intricacies of the supply chain, and develop a mindset for successful vendor management.
Vendor Management & Sourcing training will help the participants to
- 360 Excellence Exploration
- Interactive Participant Introduction
- Clear Vendor Definition
- Supply Chain Dynamics Understanding
- Mindset Development
- Effective Communication Strategies
By attending, participants will gain practical insights, hands-on skills, and a comprehensive toolkit for effective vendor management and procurement practices.
1. Negotiation Skills in the Context of Procurement
– Overview of commercial terms and their impact on procurement
– Contractual terms and conditions related to procurement
– Practical tips for negotiating favorable commercial terms
2. Inventory and Stores Management
– Importance of efficient inventory and stores management in procurement
– Inventory tracking systems and technologies
– Best practices for reducing stockouts, excess inventory, and obsolescence
– Warehouse layout and organization for optimal storage and retrieval
3. Legal Aspects in Procurement
– Understanding the legal framework for procurement activities
– Key legal clauses and provisions in procurement agreements
– Risk management and mitigation in procurement contracts
– Handling Legal conflict in procurement
4. Supplier Relationship Management
– Importance of building strong supplier relationships
– Strategies for selecting and evaluating suppliers
– Supplier performance measurement and management
– Techniques for resolving conflicts and managing supplier disputes
– Collaborative approaches to enhance supplier partnerships
5. Ice Breaking
– The Number Game : Exploring the unknown & visualizing the 360 For Excellence
– Participants Introduction : Name-Dept-Responsibility (w.r.t. Vendors)
– Open Discussion How the supply Chain Works à Why do we Find-Identify-Shortlist-Onboard-Facilitate suppliers
6. Finding the Right Vendor – 1
– What are we expecting from a vendor if it would be onboarded / finalized ‒ Group Exercise on SPQCDM with measurement criteria
– Measurement systems evaluation Preliminary process capability study
– PManufacturing System Analysis of Vendor ‒ Production Planning Adherence, Machine and Maintenance Planning, Manpower Planning, Dispatch and Inventory Planning
7. Vendor Facilitation, Support & Performance Management‒ 3
– Vendor Audit format ‒ Operational and Supply Chain Efficiency
– Case Discussion :à Risk Mitigation by PDPC (Ref 7 New QC Tools)
– Group Work
8. Additional Resources for Effective Vendor Management
– Problem Solving Tool
– Cost Reduction Tools
Feedback From Past Participants
1. Attending the Vendor Management & Sourcing Workshop was a game-changer for our team. The holistic approach to understanding sourcing dynamics, coupled with interactive activities, provided invaluable insights.
2. The Vendor Management & Sourcing Workshop exceeded our expectations. The interactive activities, such as the Number Game and real-life case studies, made the learning experience engaging and practical.
3. This workshop on Vendor Management & Sourcing offered a well-rounded skill development experience. From mastering vendor selection criteria to understanding legal aspects, each module was informative and applicable.