Learning Options
- Online Video-Based Learning
- Flexible Schedule
- Expert Trainers with Industry Experience
- High Pass Rates
- 24/7 Personalised Support
- Interactive Learning Materials
- Live Online Classes
- Expert Trainers with Industry Experience
- Live Assessment and Feedback
- Interactive Learning Materials
- Networking Opportunities
- High Pass Rates
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.
Average completion time
1 Monthwith unlimited support
100% onlineStart anytime
Study At Your Own PaceCourse 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
- Procurement Managers
- Supply Chain Professionals
- Purchasing Coordinators
- Vendor Relationship Managers
- Operations Managers
- Contract Managers
- Business Executives
- Project Managers
- HR Professionals
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:
Course content
- 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
- Reduced Costs
- Improved Efficiency
- Minimises Price Volatility
- Consolidated Supply Chain
- Outsourcing
- Continual Improvement of Operations
- 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
- Kraljic Matrix
- Supplier Management Tools
- Insourcing and Outsourcing
- SFIA and Supplier Management Roles
- Supplier Relationship Managers
- Business Change
- Increase Transparency: Information Sharing
- Improving the Supply Chain
- Monitor and Review
- Supplier Performance Management
Module 1: Supplier Management
Module 2: Advantages of Supplier Management
Module 3: Supplier Management Lifecycle
Module 4: Supplier Management Tools and Techniques
Module 5: Roles Within Supplier Management
Module 6: Improving the Supply Chain
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,
Arvy Pasanting
As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons. I am very grateful of the support I was given where the skills I gained extended beyond just passing exams and learning about accounting principles - it allowed me to take on roles that benefit the wider community.
Arvy PasantingDavid Ford
I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising both their “in class” and online learning opportunities that fit around the needs of my employer, I have found them to be consummate professionals delivering first class accounting courses with support always available.
David FordAaron Allcote
As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.
Aaron AllcoteBob Beaumont
I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.
Bob BeaumontGeorge Evans
The Financial Risk Management Course at MPES was invaluable in deepening my understanding of risk assessment and mitigation strategies. The hands-on learning approach allowed me to apply new concepts directly to my work. I highly recommend it for professionals in finance.
George EvansJames Robinson
As a financial consultant, I am always seeking ways to enhance my expertise. The Investment Analysis Course at MPES exceeded my expectations, offering practical skills and knowledge that I can apply immediately in my consulting work. It's an outstanding choice for professionals in finance.
James RobinsonLaura Bennett
The Corporate Finance Course I attended at MPES was transformative. The depth of knowledge shared by the instructors and the relevance of the topics covered have directly impacted on our financial strategy. I strongly endorse this program for anyone in a leadership position in finance.
Laura BennettEmma Johnson
The Financial Modeling and Valuation Course at MPES was incredibly insightful. The practical applications and real-world examples helped solidify my understanding of complex concepts. I highly recommend this course to anyone looking to enhance their financial acumen.
Emma JohnsonNeed help with your ACCA course?
Our course advisors are here to help guide you and ensure that you choose the right course for you and your career journey.
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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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
ClassroomCourse 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