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Supplier Relationship Management (SRM)
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- Supplier Relationship Management (SRM)
CPD StandardsInstant confirmationGlobal presenceEffective supplier relationship management (SRM) ensures seamless procurement, cost efficiency, and long-term business sustainability. This course will equip professionals with the strategies, best practices, and negotiation techniques to build and maintain strong supplier relationships. Participants will gain insights into supplier segmentation, performance management, risk mitigation, and contract negotiation.
Through practical exercises, real-world applications, and interactive discussions, this course enables professionals to develop win-win relationships with suppliers, drive innovation, and enhance supply chain resilience.
Course Objectives
By the end of this course, participants will be able to:
- Understand key principles and strategies of supplier relationship management.
- Develop effective supplier selection and evaluation processes.
- Enhance supplier collaboration to drive business performance.
- Implement risk management strategies to mitigate supplier-related disruptions.
- Master contract negotiation and supplier performance monitoring.
- Leverage technology and data analytics for supplier management.
- Ensure compliance with ethical sourcing and sustainability standards.
- Develop long-term strategies to optimise supplier partnerships.
Who Should Attend?
- Procurement and purchasing managers.
- Supply chain and logistics professionals.
- Vendor management and contract specialists.
- Operations and production managers.
- Business leaders responsible for supplier strategies.
- Individuals involved in supplier evaluation and relationship management.
Course Outline
- Understanding the role of supplier relationship management in business success.
- Key supplier management frameworks and relationship models.
- Supplier segmentation and risk assessment.
- Case Study: Successful supplier collaboration strategies.
- Practical Exercise: Identifying key supplier segments for your business.
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Accreditations
CPD Standards
Helping to develop learning worldwide.
ISO 9001:2015
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What our delegates say
Thank you for the opportunity for having attended Advanced Skills of the Bid and Tender Management Process from London Training for Excellence. It was a good experience as I find myself with added knowledge so as to contribute I a more quality manner to my com…
The course is very adaptable to everyday work and contributes to developing CSR framework in our own organisation. Very practical and useful.
The training provided by LondonTFE are very inspirational and thought provoking. The outlines are comprehensive and the method of teaching is mostly practice-oriented. The LondonTFE staff always been able to balance the composition of participants, which contr…
