Understanding Vendor Management in Supply Chain Management
What will you learn in the course?
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Concept, benefits and objectives of Vendor Management
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Benefits of Strategic Vendor Management and different phases within a vendor's lifecycle
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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)
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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