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Strategic Vendor Management

Course Overview


Purchase is no longer a support function or attached to the apron strings of production department. In an environment characterized by many unknowns, purchasing professionals must assist general management by providing purchasing expertise for strategic decisions. Purchasing can assist in calculating the probable impact of outside factors on supply, quality and price. The programme is designed to improve the understanding of the participants about strategic aspects of purchase function vis-a-vis developing their analytical skills.

Course Content


  • Traditional Procurement Vs Strategic Procurement
  • Concept of Total Cost of Ownership (TCO)
  • Scientific method of Vendor Assessment
  • Post-project evaluation of the vendors
  • How to widen Vendor Database
  • Vendor categorisation based on Kraljic Matrix
  • Evolution of buyer-supplier relationship
  • Future of buyer-supplier relationship
  • Various ratios used to measure performance of Purchase Department in general Vendors in particular
  • How to do audit of various functions of vendor's organisation?
  • Pre-negotiation check-list while dealing with the vendors
  • How to handle negotiations with vendors?

Customer Reviews


Thanks to Xpertised and the tutor who walked me through all the topics with Practical exposure which is helping me in my current project.
-Waseem

Course was quite helpful in terms of understanding of concepts and practicality. Its really a very friendly environment to learn. The timing were mutually chosen, as we both are working professional. I am quite satisfied with the course.
-Tanmoy

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