Supplier Relationship Management

INTRODUCTION

Supplier Relationship Management (SRM) may help your company optimize the value of its contacts with its major suppliers. Your supply base may have enormous untapped potential, but it may also include tremendous danger. SRM is a procurement strategy that requires you to manage your major suppliers in order to generate value and remain competitive.

Our classes will teach you how to identify the most significant suppliers. We will then determine and apply the best SRM technique for each particular connection in order to achieve the coveted mix of enhanced value and lower risk.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Determine the function of SRM in producing useful supply chain interactions at your company.
• Understand how to divide your suppliers into distinct management categories.
• Possess the ability to develop contractual concepts that may be utilized to favorably influence desirable relationship behaviors, generate cooperation, and produce innovation.
• Have the understanding and stakeholder management skills to assist others in seeing the benefits of, and actively participating in, the development of effective contractual agreements.

WHO SHOULD ATTEND THIS COURSE?

• Purchasing and supply chain professionals
• Supervisors
• Business professionals
• Supply chain manager
• Employees involved in supply management, vendor relations, sourcing, buying, expediting.

TARGETED SKILLS

• Supplier relationship
• Sourcing strategies
• Leadership
• Communication