Course Format:

Self-paced

Duration:

1 Weeks

Commitment:

5 Hours/Week

Language:

English

What will you learn in the course?

  • Concept, benefits and objectives of Vendor Management
  • Benefits of Strategic Vendor Management and different phases within a vendor's lifecycle
  • Overview of Vendor Management lifecycle
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Features Include

What is Vendor Management?

Vendor Management refers to the processes used by organisations to manage their suppliers, who are also known as vendors

Vendor Management includes activities such as selecting vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery

Vendors need to be managed effectively in order to ensure that the goods and services provided are delivered on time and to the expected standard

Make a life-changing career decision now!

In today's world, it is important for companies to have a centralised view of the vendors used by them. Their vendors should be managed well to maintain seamless company operations and reduce costs. Numerous Vendor Management options are available to businesses, enabling automation and effective administration of hundreds or even thousands of vendors. Hence, it is crucial to understand Vendor Management to make a career in the domain of Supply Chain Management. Here is what you can look forward to in terms of career and job prospects.

~ ₹3036 billion

Projected global Supply Chain market by 2027 (Source: Allied Market Research)

11.20%

Projected annual growth rate of Supply Chain Management market from 2020 to 2027 (Source: Allied Market Research)

~ ₹8.9 LPA

Average salary of a Supply Chain Manager in India (Source: PayScale)

Program for you

Is the programme for you?

Understanding Vendor Management in Supply Chain Management Course is a smart way to achieve the growth you seek in your career, especially if you are:

  • A graduate or postgraduate student, wanting to learn this skill
  • A jobseeker or working professional, seeking to upskill in Supply Chain Management

Available Value Packs

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Upskilling Destination

  • This course is created in association with

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