How Does Vendor Management Impact Your Business?
Sourcing vendors can become a liability if not properly researched, planned, and executed. If your agency or organization is like most, vendors account for approximately 60% of your budget spend.
What Will I Gain From a Vendor Management Course?
Vendor management should be considered a core business function that helps organizations control costs while optimizing performance. Whether you are buying or selling office supplies or outsourcing entire information technology functions, vendor management involves a number of key activities and milestones that can have large impacts on your business.
Strategy Execution’s vendor management courses will identify common challenges of vendor management and offer tangible solutions to address them. Our training will help you apply best practices in relationships and vendor performance management; elicit, document, and manage vendor requirements; improve communication with key stakeholders; and reduce and manage conflicts. The curriculum will also enable you to plan and conduct negotiations throughout the vendor management life cycle that will have a clear impact on project results.
Negotiating with Vendors
Negotiation is an invaluable skill for any vendor manager. Not only do you negotiate agreements with vendors and contractors, but you must effectively negotiate with stakeholders, customers and team members. This two-day, highly interactive experience covers the dynamics, processes and techniques of internal and external negotiation situations.
Managing Service Level Agreements
Service Level Agreements (SLAs) are designed to allow contractors to propose and implement innovative ways to achieve contract objectives and provide companies with effective tools to objectively assess and enforce contractor performance.
Vendor Performance Management
The Vendor Performance Management course is designed to give buyers, acquisition staff, and managers targeted training on relationship management, performance management, measurement, communication, and conflict management.
Membership Packages: Subscribe to Learning
Our membership packages are designed to develop great project leaders through sustained learning and transformative behavior change.View all Membership Options
Get to the Core of Vendor Management Problems With Better Requirements
How Poorly Defined Requirements Can Lead an Outsourced Project AstrayLearn More
Course Overview Webinar: Making Sense of Complexity
A Dive Into the Adaptive Strategic Execution Program CurriculumAccess the Webinar