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Overview

The Introduction to Supplier Management Course is designed for professionals seeking to gain a solid foundation in managing supplier relationships and optimising supply chain processes. Supplier management is a critical component of business success, directly impacting product quality, cost control, and timely delivery. This course equips learners with the essential tools and techniques to effectively manage supplier partnerships, ensuring smooth operations and fostering long-term business success.

Throughout the course, learners will explore key concepts in supplier selection, negotiation, performance management, and risk mitigation. They will gain practical insights into building and maintaining strong supplier relationships, as well as managing supplier performance through key metrics. By mastering these skills, professionals will be well-prepared to enhance their organisation’s procurement strategies, reduce risks, and maximise value from their supplier network.

This 1-Day course by MPES offers an engaging, hands-on learning experience, featuring real-world case studies and interactive exercises. It is ideal for individuals looking to build their career in procurement or supply chain management, or those who wish to improve their existing supplier management skills for greater operational efficiency.|
 

Course Objectives
 

  • Understand the key principles of supplier management and its role in business success
  • Learn how to identify and select the right suppliers based on strategic criteria
  • Master effective negotiation techniques for mutually beneficial agreements
  • Gain skills in monitoring and evaluating supplier performance using KPIs
  • Learn strategies for managing supplier risks and ensuring supply chain resilience
  • Develop skills for fostering strong, collaborative supplier relationships and communication
  • Understand how supplier management impacts cost control, product quality, and delivery timelines

Upon completion, delegates will possess the confidence and skills needed to manage supplier relationships effectively, enabling them to contribute to improved procurement processes, stronger supplier partnerships, and overall business success.

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Average completion time

1 Month
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Course Includes

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

    • Professional Background: No prior experience in supplier management is required; however, a basic understanding of procurement processes or business operations will enhance the learning experience.
    • Language Proficiency: Learners must have a strong command of English, as all course content, discussions, and assessments are delivered in English.
    • Interest in Supplier Management: This course is ideal for individuals seeking to develop their supplier management skills and contribute to improving procurement strategies and supplier relationships in their organisation.

Learning Outcomes

    • Understand Supplier Management Fundamentals: Gain a clear understanding of the key concepts in supplier management, including supplier selection, relationship management, and contract negotiation.
    • Enhance Supplier Relationship Management: Learn how to build and maintain strong, long-term relationships with suppliers to ensure consistency, reliability, and quality in your supply chain.
    • Effective Procurement Strategies: Understand the strategic role of procurement in managing suppliers, from sourcing and evaluation to performance monitoring and risk management.
    • Improve Supplier Performance Management: Learn how to assess and monitor supplier performance, identify areas for improvement, and implement corrective actions to ensure optimal supplier performance.
    • Navigate Contract Management: Understand the basics of contract management, including the creation, negotiation, and management of supplier contracts, ensuring that both parties meet agreed-upon terms.
    • Leverage Technology in Supplier Management: Discover how digital tools and platforms, such as supplier management software and procurement systems, can improve supplier collaboration and operational efficiency.

Target Audience

    The Introduction to Supplier Management course is ideal for professionals who are involved in procurement, supply chain management, or supplier relations, looking to enhance their skills in managing supplier relationships and improving procurement processes. Below are the individuals who can benefit from this course:

    • Procurement Managers
    • Supply Chain Professionals
    • Purchasing Coordinators
    • Vendor Relationship Managers
    • Operations Managers
    • Contract Managers
    • Business Executives
    • Project Managers
    • HR Professionals

Course content

    Module 1: Supplier Management

    • Definitions
    • Supplier Management Context
    • Supplier Management
    • Supplier Management Good Practice
    • Objectives of Supplier Management
    • Importance of Setting the Objectives
    • Relationship Management
    • Potential Costs
    • Categories of Suppliers
       

    Module 2: Advantages of Supplier Management

    • Reduced Costs
    • Improved Efficiency
    • Minimises Price Volatility
    • Consolidated Supply Chain
    • Outsourcing
    • Continual Improvement of Operations
       

    Module 3: Supplier Management Lifecycle

    • Planning Strategy
    • Process of Supplier Selection
    • Wrong Supplier
    • Supply Chain Analysis
    • Establishing Suppliers
    • Supplier Development and Integration
    • Supplier Management Reports
    • Continuous Improvement
    • Improving Supplier Performance
    • KPIs and CSFs
       

    Module 4: Supplier Management Tools and Techniques

    • Kraljic Matrix
    • Supplier Management Tools
    • Insourcing and Outsourcing
       

    Module 5: Roles Within Supplier Management

    • SFIA and Supplier Management Roles
    • Supplier Relationship Managers
    • Business Change
       

    Module 6: Improving the Supply Chain

    • Increase Transparency: Information Sharing
    • Improving the Supply Chain
    • Monitor and Review
    • Supplier Performance Management

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

  • MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
  • Get expert guidance from tutors available online to assist with your studies.
  • Check your eligibility for exemptions with the relevant professional body before starting.
  • Our supportive team is here to offer study advice and support throughout your course.
  • Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

Career Growth Stories

MPES Learning offers globally recognised courses in accounting,

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Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What is the focus of the Introduction to Supplier Management course?

The training focuses on providing delegates with a comprehensive understanding of supplier management, including the strategies for selecting, evaluating, and maintaining strong supplier relationships. The course covers key principles for managing supplier performance, negotiating effectively, and ensuring continuous improvement.

Q. Who is this course suitable for?

This course is ideal for professionals involved in procurement, Supply Chain Management, or those looking to develop their skills in managing supplier relationships and ensuring the effective delivery of goods and services within their organisation.

Q. What skills will I gain from this training?

Delegates will gain skills in supplier selection, performance evaluation, contract negotiation, and building strong, collaborative partnerships with suppliers. The training will also focus on identifying and mitigating risks while ensuring optimal supply chain performance.

Q. How will this training benefit my career?

By developing a solid understanding of supplier management, delegates will improve their ability to optimise supplier relationships, contribute to cost efficiency, and ensure consistent quality and service delivery, which will support career advancement in procurement and supply chain management.

Q. What topics are covered in the course?

The course covers key topics such as supplier selection and evaluation, contract management, performance monitoring, risk management, negotiation strategies, and strategies for building long-term, mutually beneficial supplier relationships.

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Resources

Access a wide range of free resources to support your learning journey. From blogs to news and podcasts, these valuable guides are available at no cost to help you succeed.

Course Schedule

£2995

Introduction To Supplier Management

9th February 2024

9th February 2024

(1 days)

DELIVERY METHOD

Classroom

£2995

Introduction To Supplier Management

2nd August 2024

2nd August 2024

(1 days)

DELIVERY METHOD

Classroom

£2995

Introduction To Supplier Management

13th September 2024

13th September 2024

(1 days)

DELIVERY METHOD

Classroom

£2995

Introduction To Supplier Management

8th November 2024

8th November 2024

(1 days)

DELIVERY METHOD

Classroom

Course Schedule

£995

Introduction To Supplier Management

Fri 5th Jan 2024

Fri 5th Jan 2024

Duration - 1 Days

DELIVERY METHOD

Virtual

£995

Introduction To Supplier Management

Fri 1st Mar 2024

Fri 1st Mar 2024

Duration - 1 Days

DELIVERY METHOD

Virtual

£995

Introduction To Supplier Management

Fri 17th May 2024

Fri 17th May 2024

Duration - 1 Days

DELIVERY METHOD

Virtual

£995

Introduction To Supplier Management

Fri 5th Jul 2024

Fri 5th Jul 2024

Duration - 1 Days

DELIVERY METHOD

Virtual