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

Show moredowndown

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 Virginia Beach 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 Virginia Beach 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 Virginia Beach 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 Virginia Beach, 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.

Show moredowndown

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 Virginia Beach 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.

Virginia Beach has a population of around 450,000 inhabitants. The city is located within the state of Virginia, its boarders the south-eastern side of the Atlantic Ocean. Virginia Beach Is the largest city by size and the most populated in the state. It has been ranked at the 39th most populated city in the United States. The city has around 200,000 employed residents and 9,000 unemployed. 67% of the cities ethnicity is white or Caucasian.The over 25 population of the Virginia Beach has around 90% having high school diploma or equivalent which is higher than the national average. The city is home to one of the state’s largest schooling systems, Virginia Beach City Public Schools. There are around 69,000 students that the public system educates, there are 58 elementary schools, 14 middle schools, 12 high schools.Virginia Beach is home to Landstown High School which has an enrolment of around 2,000 pupils. It is a public school offering engineering technology, information technology and entrepreneurship technology. Princess Anne High School is the oldest high school within the Virginia Beach public school system. The school has an enrolment of around 1,800 students.Regent University is one of the cities university with around 6,000 enrolled students, it is a private Christian research university and offers bachelors, masters and doctoral degrees. 

Show moredown

Address

Hampton Inn Norfolk
5793 Greenwich Rd.
Virginia Beach
VA
23462

T: +1 7204454674

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 Virginia Beach. 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 Virginia Beach, 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.

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.

tailored_learning_experience

Tailored learning experience

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

budget

Maximise your training budget

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

team_building

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

monitor_progress

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 Virginia Beach FAQs

Vendor Management is the process of establishing and maintaining partnerships with suppliers of goods and services that a buyer needs for operations.
There are no formal prerequisites for attending this Vendor Management Training. 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.
Yes, we provide 24/7 support for this Vendor Management Course. Our customer service will be available to assist you before and after the course, with any queries, technical issues, or additional support you may require. We are committed to ensuring your learning experience is seamless and that you have access to assistance whenever you need it.
The duration of this Vendor Management Course spans across 1 day.
Yes. The Knowledge Academy offers flexible learning options for the Vendor Management Training Courses, which helps delegates learn according to their convenience. These learning modes include the online instructor-led training, classroom training, on-site training, and self-paced training.
With a Vendor Management 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 provide corporate training for this Vendor Management Certification Course. We offer courses tailored to your organizational needs for a smooth learning journey.
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. With our Vendor Management Training, you can gain a competitive edge in the job market.
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 in Virginia Beach, please reach out to our support team for assistance. They can be contacted via our phone or e-mail. They will help you resolve any issues and ensure you can access your course without any problems.
The training fees for Vendor Management Training certification in Virginia Beach starts from $1295
The Knowledge Academy is the Leading global training provider for Vendor Management Training.
Please see our Management Courses courses available in Virginia Beach
Show more down

Why choose us

icon

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.

icon

Many delivery methods

Flexible delivery methods are available depending on your learning style.

icon

High quality resources

Resources are included for a comprehensive learning experience.

barclays Logo
deloitte Logo
Thames Water Logo

"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

santander logo
bmw Logo
Google Logo

Looking for more information on Management Courses?

backBack to course information

Get a custom course package

We may not have any package deals available including this course. If you enquire or give us a call on +1 7204454674 and speak to our training experts, we should be able to help you with your requirements.

cross

OUR BIGGEST SPRING SALE!

Special Discounts

red-starWHO WILL BE FUNDING THE COURSE?

close

close

Thank you for your enquiry!

One of our training experts will be in touch shortly to go over your training requirements.

close

close

Press esc to close

close close

Back to course information

Thank you for your enquiry!

One of our training experts will be in touch shortly to go overy your training requirements.

close close

Thank you for your enquiry!

One of our training experts will be in touch shortly to go over your training requirements.