Supplier Evaluation & Vendor Management

Introduction

Suppliers play a critical role in organisational performance, cost efficiency, operational continuity, and strategic competitiveness. Effective supplier evaluation and vendor management ensure that organisations select the right suppliers, monitor performance, mitigate risks, and build long‑term value‑driven relationships.

This course provides a comprehensive foundation in supplier assessment, vendor performance measurement, SRM (Supplier Relationship Management), supplier segmentation, risk evaluation, and continuous improvement. It is designed for procurement, supply chain, contracting, commercial, and operations professionals.

The GTMCS Supplier Evaluation & Vendor Management course delivers a practical, industry‑aligned, and competency‑focused learning experience.

This Training Course Will Highlight

Supplier evaluation criteria

Vendor performance measurement

Supplier segmentation

SRM frameworks

Supplier scorecards

Risk assessment

Supplier development

Continuous improvement

Course Benefits

Strengthen supplier evaluation capability

Improve vendor performance monitoring

Enhance supplier relationship management

Build confidence in supplier risk assessment

Support cost efficiency & operational reliability

Align workforce with global SRM best practices

Tools & Techniques Covered

Supplier scorecards

Supplier segmentation matrices

Performance KPIs

Risk evaluation tools

Supplier development frameworks

SRM maturity models

Practical Workshops

Build a supplier scorecard

Develop supplier segmentation

Conduct supplier performance analysis

Supplier risk assessment exercise

SRM improvement planning

Real‑World Case Studies

Supplier failure causing operational disruption

Poor vendor performance leading to quality issues

Incorrect supplier selection increasing cost

Lack of SRM causing relationship breakdown

Risk oversight resulting in supply chain interruption

Industry Relevance

This course is essential for:

Procurement specialists & buyers

Supply chain professionals

Contracting & commercial teams

Operations & planning teams

Supervisors & managers

Future Skills Alignment

Supplier performance literacy

SRM capability

Risk‑based supplier evaluation

Vendor development competency

Strategic supplier management

Objectives

By the end of this training course, participants will be able to:

Evaluate suppliers using structured criteria

Develop supplier scorecards & KPIs

Segment suppliers based on strategic importance

Assess supplier risks & mitigation strategies

Implement SRM frameworks & improvement plans

Support reliable & value‑driven supplier relationships

Certificates

Upon successful completion of this training course, participants will receive a GTMCS Certificate of Completion.