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Vendor Management Training Course: Policy, KPIs, Contracts and Risk
Vendor Management Essentials
Gain control over your vendor relationships with a structured approach to selection, contracts, and performance monitoring. Learn how to mitigate risks, set KPIs, and maximise value from your suppliers.
- Virtual Or On-Site
- 1 Day
Trusted by Leading Organizations
Course Overview
Everything you need to know about this training
Most businesses rely on vendors, and managing them effectively can have a huge impact on business success. Without a structured vendor management process, companies risk inefficiencies, compliance issues, and financial losses.
This one-day course provides a practical, step-by-step approach to vendor management, covering everything from creating a vendor policy to setting performance indicators, assessing vendor risk, developing contracts, and monitoring performance.
By the end of the course, you’ll have the tools and confidence to streamline vendor management, strengthen relationships, and mitigate risk in your organisation.
What you will learn
By the end of this course, you’ll be able to:
- Understand vendor management - Define vendors, vendor types, and key management principles
- Evaluate vendor benefits and risks - Identify challenges and implement solutions
- Set clear vendor performance goals - Use SMART goals and key performance indicators (KPIs)
- Develop an effective vendor management policy - Outline key elements for compliance and efficiency
- Manage the vendor lifecycle - Assess and select vendors using structured frameworks
- Identify and mitigate vendor risks - Use risk assessments and rating systems
- Negotiate and finalise vendor contracts - Understand key contract components
- Monitor vendor performance - Conduct audits, evaluations, and compliance checks
Who is this course for?
This course is ideal for:
- Procurement and supply chain professionals
- Finance, compliance, and risk managers
- Business owners and decision-makers
- Project managers
All with our 100% Money-Back Guarantee and Unlimited Email Support.
Course Highlights
Key takeaways from this training
- Draft a vendor management policy aligned to organisational goals
- Set SMART KPIs that measure and drive supplier performance
- Assess vendor risks using structured frameworks and scoring
- Run fair, evidence-based vendor evaluations and selections
- Negotiate contract terms covering service, risk and compliance
- Monitor supplier performance with audits, reviews and dashboards
- Escalate non-compliance and implement corrective actions promptly
Perfect For
This training could be a good fit for you
- Procurement and supply chain professionals
- Operations and finance managers
- Project and vendor relationship leads
Requirements
Prerequisites to get started
- Basic understanding of procurement or operations
- Access to current vendor or supplier information
Expert Trainers
Real experts. Real experience.
Small Class Sizes
More time with your trainer
Rated 4.8/5 by learners
High feedback from professionals
Money-Back Guarantee
100% guarantee for peace of mind
Need Training for Your Team?
Get a tailored private course with flexible scheduling, dedicated trainers, and content customized to your exact requirements
What's Included
Tailored Content
Customized to your team's specific needs and skill levels
Flexible Scheduling
Choose dates and times that work for your team
Your Location or Online
Delivered at your office or virtually
Cost Effective
Better value for training multiple team members
Dedicated Trainer
Your team gets 100% of the trainer's attention
Post-Course Support
Unlimited email support for all delegates
Ready to Get Started?
Share your requirements with us and we'll provide a detailed quote within 3 business hours. No obligation, no pressure.
- Free consultation call
- Custom quote in hours
- 100% money-back guarantee
⚡ Typical response time: 2-3 hours during business days
Trusted by leading organizations
Why Choose Training with Future Savvy?
What sets our training apart
Trusted by top UK Organizations
From NHS teams to FTSE 100 companies, over 1,000 professionals have trusted Future Savvy to upskill their teams with results-driven training.
Real Experts, not Just Instructors
Our courses are delivered by seasoned professionals with real-world experience using the tools they teach, not just theory, but practical insight.
Small Class Sizes for Big Impact
Our class sizes are intentionally small, usually no more than 6, to ensure every learner gets personal attention and time with the trainer.
Hands-on, Interactive Learning
You won't just sit and watch, you'll get stuck in with practical exercises, real scenarios, and immediate feedback from your trainer.
Ongoing Post-Course Support
Have questions after the training? We're still here. All delegates get unlimited post-course email support at no extra cost.
100% Satisfaction Guarantee
We stand by the quality of our training. If you're not completely satisfied, we'll give you a full refund.
Trusted by Leading Organizations
Over 1,000 professionals from industry-leading brands have chosen Future Savvy for their training needs.
Frequently Asked Questions
Find answers to common questions about this course
