Course information

Vendor Management Training Course Outline

Module 1: Introduction to Vendor Management

  • What is Vendor Management?
  • Why is it Important?
  • Vendor Management Process
  • Grid Analysis Tool for Decision-Making
  • Benefits of Vendor Management
  • Challenges of Vendor Management
  • Vendor Management Tips for Success
  • Vendor Lifecycle Management
  • Phases of Vendor Lifecycle Management
  • Vendor Management Lifecycle Best Practices
  • Pillars of Effective Vendor Management

Module 2: Commitments

  • Successful Vendor-Management Strategies
  • Vendor Agreements
  • Evaluation of Bid Proposals
  • Vendor Contract Management Process
  • Creating Effective SOWs
  • Contract Risk Types

Module 3: Relationships

  • Emotional Intelligence
  • Understand Being More Sensitive to Feelings
  • Managing Vendor Relationships
  • Vendor Governance Practices
  • Negotiate with Vendors Effectively
  • Conflict Resolution Model
  • Ways to Efficiently Collaborate with Vendor Team
  • Alternative Dispute Resolution
  • General Management Skills

Module 4: Metrics

  • Vendor Metrics
  • Understanding Responsibility Assignment Matrix
  • Vendor Scorecard
  • Vendor Performance
  • Balanced Scorecard (BSC)

Module 5: Risk

  • Vendor Risks
  • Risk Mitigation
  • Minimizing the Burden Using Risk Management Program

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Who should attend this Vendor Management Training Course?

The Vendor Management Course is suitable for anyone involved in vendor relationships, procurement, or supply chain management, regardless of their specific industry or role. This course is particularly beneficial for the following professionals:

  • Procurement Managers
  • Vendor Relationship Managers
  • Logistics Coordinators
  • Operations Directors
  • Accounts Payable Managers
  • Vendor Management Consultants
  • Product Managers

Prerequisites of the Vendor Management Training Course

The Vendor Management Course does not require specific prerequisites. However, a basic understanding of procurement processes and vendor relationships within their respective industries might be beneficial.

Vendor Management Training Course Overview

Explore Vendor Management through the Knowledge Academy's comprehensive Management Course. This Vendor Management Course in New Delhi delves into the fundamentals of vendor relationships and their critical relevance in organizational success. It comprises various activities such as vendor selection, contract negotiation, cost management, vendor-related risk mitigation, and service delivery.

Professionals engaged in Procurement, Supply Chain, and Project Management should master Vendor Management. Having immense knowledge of essential resources will empower individuals to enhance their career opportunities.  This training in New Delhi is crucial for effective resource utilization and cost optimization, making it essential for those seeking Management certificates.

This 1-day training delivered by The Knowledge Academy in New Delhi equips delegates with practical skills through Online Management Training, covering a range of Management topics. Professionals learn to manage vendor relationships, ensuring efficient procurement processes and contributing to overall organizational success.

Course Objectives

  • To get familiar with various ways to efficiently collaborate with the vendor team
  • To recognize the techniques for managing different vendor relationships
  • To understand strategies for monitoring and evaluating vendor performance
  • To get acquainted with vendor lifecycle management
  • To acquire knowledge of the evaluation of bid proposals

At the end of this Vendor Management Training in New Delhi, delegates will be able to implement various techniques for resolving vendor issues and giving them alternative dispute resolution. They will also be able to create a better vendor management process for fulfilling business needs.

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What’s included in this Vendor Management Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • Vendor Management Certificate
  • Digital Delegate Pack

Why choose us

Our New Delhi venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

New Delhi is one of the districts within Delhi, as well as it being the capital city of India, it is also the home to the Government of the National Capital Territory of Delhi and some of the branches of the Government of India, these being the judiciary, executive and legislative branches and is also home to around 249,998 people. The capital of India - New Delhi was initiated within 1931 by Viceroy Lord Irwin however formed during 1911 by George V, who was the King of the United Kingdom as well as the Emperor of India and his British architects Sir Herbert Baker and Sir Edwin Lutyens formed the foundation stone and announced the capital city of India would be changed. The primary schools and secondary schools within New Delhi are either run privately or by the government and as of 2004 to 2005 there was around 1.5 million students going through the educational system within 2416 primary schools, 822,00 students in 715 middle schools and 669,000 students in 1576 secondary schools and around 500,000 students within 165 universities and colleges. All universities are either state, deemed or central universities, The top universities within New Delhi are the Jamia Millia Islamia, the University of Delhi, Indian Statistical Institute, National Law University, Jawaharlal Nehru University, Guru Gobind Singh Indraprastha University, Ambedkar University Delhi, Jamia Hamdard, Delhi Technological University – which is the first Engineering college within Delhi and one of the oldest in India, the Indira Gandhi National Open University is the largest national university in the world with over 4 million students, New Delhi is also home to the Indian Agricultural Research Institute, Pusa, New Delhi, Premier institute for agricultural research and education in India. The university courses and programs can offer different types of degrees such an undergraduate and post graduate courses, Bachelor courses and Scholarships, New Delhi prides itself on its premier institutions as the teaching and researching they do means that within 2011 the census recorded the literacy rate for females as 80.9% and for males it was slightly higher at 91.0% with an overall literacy rate of 86.3%. Subjects within the different universities can include, social sciences, engineering, humanities, technology, sports, law, social work, arts, management, education, computer information technology, foreign languages, mathematical science, dentistry and medical. 

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Address

Pioneer Institute of Education and Computer Studies
F322/A, 3rd Floor
Adarsh House (Above PNB Bank)
Old MB Road
Lado Sarai
New Delhi
110030

T: +918037244591

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Vendor Management Training | Management Training in New Delhi. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Vendor Management Training | Management Training in New Delhi, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's Vendor Management Training | Management Training in New Delhi. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Vendor Management Training | Management Training in New Delhi sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Vendor Management Training | Management Training in New Delhi FAQs

Vendor Management oversees relationships and interactions with third-party vendors who supply goods or services to an organization. It involves selecting vendors, negotiating contracts, monitoring performance, ensuring compliance, and fostering positive vendor relationships to meet business objectives effectively.
This training is crucial for businesses as it improves efficiency, cost management, compliance, and risk mitigation, fosters innovation, enhances vendor relationships, and supports strategic objectives, ensuring optimal performance and competitiveness in procurement activities.
The fundamental principles of effective Vendor Management include clear communication, relationship building, performance monitoring, risk management, contract management, continuous improvement, and compliance adherence, ensuring optimal vendor relationships and business outcomes.
There are no formal prerequisites for attending this Vendor Management Course. However, a basic understanding of procurement processes and vendor relationships within their respective industries might be beneficial.
Vendor Management optimizes costs and ensures efficient supplier relationships, enhancing overall operational performance. It mitigates risks and fosters strategic collaborations for sustained business success.
In Vendor Management Training, you'll learn essential skills such as efficient oversight, risk mitigation strategies, and negotiation techniques to optimize vendor performance, enhance cost-effectiveness, and gain a competitive advantage in business collaborations.
Yes. The Knowledge Academy offers 24/7 support for delegates before, during, and after this Vendor Management Course.
This course caters to individuals at different career stages, including entry-level professionals, mid-level managers, and senior executives. It caters to varying skill levels and provides valuable insights and techniques applicable across different organizational roles and responsibilities.
Yes, delegates will receive a Vendor Management Certificate upon successfully completing this Vendor Management Course.
The duration of this Vendor Management Course spans 1 day.
This training improves risk management by educating delegates on identifying, evaluating, and mitigating risks associated with vendor relationships. It provides techniques for evaluating vendor stability, performance, and compliance, enabling proactive risk mitigation strategies to minimize disruptions and protect business interests.
The Knowledge Academy provides flexible self-paced training for these courses. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
With this certification, you can expect roles like Vendor Manager, Procurement Specialist, or Supply Chain Analyst, enhancing your career in supplier relations and strategic sourcing.
Yes, we offer tailored corporate training courses that can be customized to meet the specific needs of an organization and its employees.
In this course, you will learn vendor selection, contract negotiation, performance monitoring, risk management, relationship building, compliance, cost optimization, and continuous improvement strategies to enhance vendor relationships and procurement effectiveness.
This Vendor Management Training Course is ideal for procurement professionals and business leaders seeking to enhance vendor relationships, negotiate effectively, and optimize supply chain efficiency. With our Vendor Management Training, you can gain a competitive edge in the job market.
If you're unable to access your Vendor Management Course in New Delhi, please reach out to our support team for assistance. Our customer support team is available to assist and promptly resolve any issues you may encounter.
The training fees for Vendor Management Trainingin New Delhi starts from INR24995
The Knowledge Academy is the Leading global training provider for Vendor Management Training.
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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