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Course details
Overview
Effective supplier relationship management (SRM) ensures seamless procurement cost efficiency and long-term business sustainability. This course will equip professionals with the strategies best practices and negotiation techniques to build and maintain strong supplier relationships. Participants will gain insights into supplier segmentation performance management risk mitigation and contract negotiation. Through practical exercises real-world applications and interactive discussions this course enables professionals to develop win-win relationships with suppliers drive innovation and enhance supply chain resilience.
Objectives
By the end of this course participants will be able to:
Understand key principles and strategies of supplier relationship management.
Develop effective supplier selection and evaluation processes.
Enhance supplier collaboration to drive business performance.
Implement risk management strategies to mitigate supplier-related disruptions.
Master contract negotiation and supplier performance monitoring.
Leverage technology and data analytics for supplier management.
Ensure compliance with ethical sourcing and sustainability standards.
Develop long-term strategies to optimise supplier partnerships.
Who Should Attend
Procurement and purchasing managers.
Supply chain and logistics professionals.
Vendor management and contract specialists.
Operations and production managers.
Business leaders responsible for supplier strategies.
Individuals involved in supplier evaluation and relationship management.
Course Outlines
Day 1: Fundamentals of Supplier Relationship Management
Understanding the role of supplier relationship management in business success.
Key supplier management frameworks and relationship models.
Supplier segmentation and risk assessment.
Case Study: Successful supplier collaboration strategies.
Practical Exercise: Identifying key supplier segments for your business.
Day 2: Supplier Selection and Performance Management
Criteria for supplier selection and qualification.
Developing supplier scorecards and key performance indicators (KPIs).
Managing supplier performance and corrective action plans.
Practical Exercise: Designing a supplier evaluation framework.
Day 3: Contract Negotiation and Supplier Collaboration
Mastering negotiation techniques for supplier agreements.
Establishing long-term mutually beneficial contracts.
Strategies for resolving conflicts and ensuring compliance.
Day 4: Risk Management and Crisis Mitigation in Supplier Relationships
Identifying and mitigating supply chain risks.
Developing contingency plans for supplier failures.
Managing geopolitical economic and environmental risks.
Practical Exercise: Creating a supplier risk mitigation plan.
Day 5: Leveraging Technology and Innovation in Supplier Management
The role of digital tools and AI in supplier relationship management.
Using data analytics for supplier performance tracking.
Sustainable and ethical sourcing strategies.
Course review
Job roles this course is suitable for:
Vendor Manager , Procurement Specialist , Supplier Relations ManagerAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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