Certified Vendor Management Professional

BY
Vskills

Sign up for the Vskills Certified Vendor Management Professional programme to learn the best practices for various vendor related activities.

Mode

Online

Fees

₹ 3499

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based

Course overview

The Vendor Management Professional programme by Vskills will test your understanding of the core vendor management concepts and principles. The comprehensive coursework will equip you with strategic management tools, vendor evaluation and negotiation, sourcing strategies, purchasing methods, and contract management. 

Moreover, with the Vendor Management Professional certification course, candidates will become adept in a variety of skills – from assigning jobs to evaluating performances, managing relationships, and more. This will allow you to land more lucrative work opportunities and widen career prospects.

Once you cover the Vendor Management Professional curriculum, you need to appear for the certification exam. Vskills provides a host of practice tests and materials to help you prepare for the same. However, you must take the certification test within 12 months from the registration. 

Professionals and graduates wishing to upskill can join the Vendor Management Professional certification course. The online course will also benefit job seekers looking to advance skill sets to strengthen their CVs.

The highlights

  • Certification course
  • Practice papers
  • Tutorials
  • Employment assistance
  • Online certification exam
  • Internship programme
  • Lifelong e-Learning access 
  • CV assistance

Program offerings

  • Free mock test
  • Lms access
  • Certified by vskills
  • Study materials
  • Certificate
  • Resume assistance
  • Internship

Course and certificate fees

Fees information
₹ 3,499

Vskills accepts fee payment through a variety of payment modes. You can purchase the Vendor Management Professional programme via Visa/Amex/Master cards from any Indian bank. You can also pay using UPI, Google Pay, Paytm, Amazon Pay, Credit Card EMI, and Net Banking.

Certified Vendor Management Professional fee structure -

Course

Fee

Certified Vendor Management Professional

Rs. 3,499

certificate availability

Yes

certificate providing authority

Vskills

Who it is for

The online Vendor Management Professional training programme by Vskills will benefit the following individuals:

  • Professionals looking to upgrade skills
  • Students who want to upskill and strengthen their resume
  • Job seekers searching for employment in vendor, purchase, or procurement departments.

Eligibility criteria

Candidates have to appear for an online certification exam to receive the Vskills Vendor Management Professional certificate. They must score a minimum of 50% marks to pass the exam.  

What you will learn

Supply management

The Vskills Vendor Management Professional training will help you upskill in the various roles and responsibilities of Vendor Management Professionals, such as: 

  • Procurement Ethics
  • Vendor Selection and Risk Assessment
  • Vendor Negotiation
  • Contract Management
  • Vendor Evaluation
  • Purchase Management
  • Sourcing Strategy
  • Strategic Management

The syllabus

Strategic Management

  • What is Strategy
  • Organizational Strategy
  • Strategy Development
  • Strategic Management Process
  • Strategic Sourcing
  • Strategic Management Tools
  • Strategic Role of Purchasing
  • Procurement Portfolio Management
  • Kraljic Portfolio Purchasing Model

Sourcing Strategy

  • Sourcing Strategy Basics and Types
  • Low-cost Country Sourcing
  • Global Sourcing
  • Offshore Outsourcing
  • Outsourcing
  • Sourcing Advisory

Purchase Management

  • Objectives of Purchasing
  • Functions and responsibilities of Purchase Department
  • Methods of Purchasing
  • Purchase Organization Structure
  • JIT Purchasing
  • Agile Purchasing
  • Sustainable Purchasing
  • Green Purchasing

Vendor Evaluation

  • Supplier Strategy
  • System of Vendor evaluation
  • Parameters for evaluation of Vendors Performance
  • Social Audit
  • Total Evaluation
  • Guidelines for Purchases through Tender and Negotiations
  • Purchase Review
  • Analytical Tools

Contract Management

  • Contract Definition
  • Contract Elements
  • Indian Contract Act
  • Contract Management
  • Contract Lifecycle Management
  • Automating Contract Management
  • Change Management
  • Contract Compliance
  • Procurement and Contract Management
  • Purchase & Tender procedure
  • Commercial Disputes
  • Alternative Dispute Resolution Technique

Vendor Negotiation

  • Definition of Negotiation
  • Preparing for the Negotiation Process
  • The Seven Basic Steps in Negotiation
  • Negotiation Styles
  • Strategies for Negotiation
  • Best Alternative to a Negotiated Agreement (BATNA)
  • Approaches for Negotiation
  • Types of Negotiators
  • Tactics for Negotiation Process
  • Non-Verbal Communication
  • Emotions in the Negotiation Process

Vendor Selection and Review

  • Searching for suppliers
  • The Supplier Selection Process
  • Retaining and Developing the Supplier Relationship
  • Agreements and policies for protecting the company’s interests
  • Vendor Risk Assessment

Ethics in Procurement

  • What is Ethics?
  • Ethics and Procurement
  • Why Ethical
  • Ethical Concepts and Principles in Procurement
  • Unethical Practices Signs
  • Unethical Practices Prevention Tools
  • Ethical Procurement Requirements

Future Developments

  • Procurement Future Trends
  • Sustainable Procurement
  • Procurement Automation
  • Big Data and Procurement

Admission details

Step 1. Visit https://www.vskills.in/certification/management/vendor-management-certification to access the Certified Vendor Management Professional course. 

Step 2. Once you are on the course page, select the “Buy Now” present at the top, to land on the 'Checkout' page. 

Step 3. Next, you need to register with Vskills to apply for the course, once you become familiar with the terms and conditions.

Step 4. Finally, choose a suitable payment method, and select “Continue” to make the fee payment. 

Step 5. Then, choose “Confirm Order” to approve your order after reviewing it.


Filling the form

Candidates do not have to fill any application form for the Certified Vendor Management Professional training programme. They only need to register with Vskills to purchase the course. In the 'Account Details' section, they must provide necessary details like name, email ID, mobile number, and country of residence. 

Evaluation process

The certification exam for the Vendor Management Professional course will be an hour-long, with a total of 50 Multiple-choice questions. Candidates will earn one mark for every correct answer, while there is no negative marking. Moreover, a candidate must score a minimum of 50% marks or above to clear the exam and earn the certificate.

How it helps

By completing the Vendor Management Professional training programme, you will be equipped with the essential skills and practices involved in the various vendor activities. As a certified professional, with Vskills certification on premium job portals such as Shine and MonsterIndia, you will be able to widen your network and improve employability. 

Besides, the Vskills Vendor Management Professional course has a self-paced learning module, so that you can cover the topics at your pace. 

FAQs

What are the primary skills covered in the course?

This course will cover primary skills such as purchase management, strategic management, vendor evaluation, procure management, contract management, among others. 

Will I receive a certificate upon completion?

To receive the Vendor Management Professional certificate, you must appear for the certification exam online and score at least 25 marks to clear it. 

How is the certification test structured?

The Vendor Management Professional certification exam is a 60-minute online exam. Candidates need to answer a total of 50 MCQ-based questions of one mark each. No incorrect answer is negatively marked, while the passing score for the exam is 50%. 

When can I sit for the exam?

Candidates can appear for the exam anytime within 12 months from the registration date. Vskills usually organises the certification exam every month so candidates can take it as per convenience. 

What is the Vskills helpdesk information?

The Vskills customer support is available over call or email. Email at info@vskills.in, or call on 011-473 44 723.

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