This course covers everything you need to achieve real cost savings against budget. We explore how to identify savings opportunities, manage vendors to optimise value, and, above all, negotiate some great deals!
By the end of this course you will have developed an understanding of contract management, supplier relationship management, how to build a vendor management plan and identify savings opportunities. You will also learn how to negotiate with vendors to achieve actual savings against budget and put these skills into practice during a mock negotiation.
You will learn new skills during the workshop sessions and apply them to practical scenarios as part of the weekly assignments.
During the workshops we will do a deep dive into key concepts such as supplier tiering, vendor relationships and benefits realisation.
Working with our expert trainers, you will develop the following:
- A supplier management plan document that works for YOUR organisation
- A financial management process workflow tailored to YOUR organisation
Workshops will be held one week apart, with 1 assignment to be completed each week.
Course pre-requisites and prior experience
Accessing the course
Workshops are held remotely and you will need to access the Microsoft Teams meeting and Mural Virtual Whiteboard during the sessions.