Effective Vendor Management 1-Day Workshop|Newark, NJ

• Duration: 1-Day Practical Training (8 Hours)
• Timing: 9:00 AM – 5:00 PM (including breaks)
• Location: Location shared via email ( Complete Address )
• Format: Classroom Training (Virtual option available on request)
• Language: English
• Certificate: Course Completion Certificate
• PDUs Awarded: 8 Professional Development Units
• Contact: [email protected]

Effective vendor management is crucial to ensuring successful project outcomes, cost savings, and strong supplier relationships.
This interactive one-day training program focuses on the best practices, tools, and techniques required to manage vendor relationships efficiently — from vendor selection and contract negotiation to performance evaluation and contract closeout.
Participants will gain practical insights into vendor governance, communication planning, risk management, and dispute resolution to drive better results and long-term value from vendors and suppliers.
Whether you manage IT projects, procurement contracts, or outsourced services, this course equips you with the skills to build and maintain successful vendor partnerships.

✅ Importance and key components of an effective vendor management strategy
✅ How to create and implement a vendor management plan
✅ Contract negotiation techniques and documentation best practices
✅ Communication planning for seamless vendor coordination
✅ Managing vendors throughout the project life cycle
✅ Identifying and resolving vendor-related issues
✅ Vendor contract closeout and performance evaluation
✅ Compliance, risk mitigation, and vendor governance

Project Managers
IT Project Managers
Procurement Professionals
Project Coordinators
Project Analysts
Project Leaders
Product and Program Managers
Project Sponsors
Team Leaders
Anyone involved in supplier, contract, or vendor relationship management
Professionals seeking to earn PDUs or renew their PMP® certification

🕘 9:00 AM – 9:30 AM
Module 1: Introduction to Vendor Management

• Understanding vendor relationships and their impact on project success
• Vendor management principles and lifecycle overview
• Identifying key stakeholders in vendor management

🕤 9:30 AM – 10:30 AM
Module 2: Establishing the Vendor Relationship

• Vendor selection process and criteria
• Defining roles, responsibilities, and expectations
• Understanding procurement and sourcing strategies

🕙 10:30 AM – 10:45 AM
☕ Morning Break

🕥 10:45 AM – 12:00 PM
Module 3: Vendor Management Planning

• Creating a vendor management plan
• Setting up measurable objectives and KPIs
• Risk assessment and mitigation planning
• Developing vendor scorecards

🕛 12:00 PM – 1:00 PM
🍴 Lunch Break

🕐 1:00 PM – 2:30 PM
Module 4: Vendor Communication and Collaboration

• Designing an effective vendor communication plan
• Managing performance through feedback loops
• Handling disputes and resolving vendor issues
• Building trust and transparency with vendors

🕝 2:30 PM – 2:45 PM
☕ Afternoon Break

🕞 2:45 PM – 4:00 PM
Module 5: Vendor Contract Management

• Contract negotiation essentials
• Contract administration and monitoring
• Change management in vendor contracts
• Legal and compliance considerations

🕓 4:00 PM – 4:45 PM
Module 6: Vendor Evaluation and Closeout

• Evaluating vendor performance
• Conducting post-project vendor reviews
• Lessons learned and continuous improvement
• Closing out the vendor contract

🕟 4:45 PM – 5:00 PM
Wrap-Up and Q&A Session

• Review of key concepts
• Practical tips and final discussion
• Certificates and feedback

• Develop a professional vendor management framework
• Enhance your contract negotiation and vendor communication skills
• Minimize project risks with strong vendor oversight
• Improve vendor performance and accountability
• Learn real-world techniques for effective supplier governance

• Certificate of Completion
• Earn PDUs toward PMP® Renewal
• Practical case studies and templates included
• Instructor-led, interactive workshop
• Real-world examples from multiple industries

🎓 Certification

All participants will receive a Certificate of Completion from LearneRRing, recognizing their achievement.

Exclusive OffersGroup Discounts:10% off for groups of 5-10 participants15% off for groups of 11-20 participants
Corporate & Team Training Available

Want this course delivered at your workplace or for your team? We offer customized onsite and virtual sessions for companies.📩 Email us at [email protected] for details.

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