Vendor Management defines attributes of maturity in how well an organization is communicating with, leveraging and negotiating with its vendors. Structural strategies for success include assigning vendor managers internally, following a documented communication protocol and building a library of interactions. Business strategies for lease-versus-buy, outsource-versus-retain and global consolidation are encompassed in these processes.
The Vendor Management Advanced Training Course is based on the information and practices contained in the IBPL Vendor Management Volume 9, which defines attributes of maturity in how well an organization communicates with, leverages and negotiates with their vendors. Vendor Management concerns the policies and processes for interacting with the vendors that provide the organization its IT assets while ensuring maximum ROI and meeting the organizational objectives.
This Advanced Training Course will cover specifics such as: vendor consolidation, due diligence, vendor compliance and more. With directed focus, the course will teach that the overall objective of a successful Vendor Management Process is to implement a fair and consistent organization-wide strategy to develop and manage vendor relationships. Those relationships must adhere to the policy.
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