Supplier Relationship Management (SRM)

Overview
Course Outline
Scheduled Dates

Course Overview

Effective supplier relationship management (SRM) ensures seamless procurement, cost efficiency, and long-term business sustainability. This course will equip professionals with the strategies, best practices, and negotiation techniques to build and maintain strong supplier relationships. Participants will gain insights into supplier segmentation, performance management, risk mitigation, and contract negotiation.

Through practical exercises, real-world applications, and interactive discussions, this course enables professionals to develop win-win relationships with suppliers, drive innovation, and enhance supply chain resilience.

Objective:

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

Understand key principles and strategies of supplier relationship management.
Develop effective supplier selection and evaluation processes.
Enhance supplier collaboration to drive business performance.
Implement risk management strategies to mitigate supplier-related disruptions.
Master contract negotiation and supplier performance monitoring.
Leverage technology and data analytics for supplier management.
Ensure compliance with ethical sourcing and sustainability standards.
Develop long-term strategies to optimise supplier partnerships.

Course Outline

Day 1: Fundamentals of Supplier Relationship Management

Understanding the role of supplier relationship management in business success.
Key supplier management frameworks and relationship models.
Supplier segmentation and risk assessment.
Case Study: Successful supplier collaboration strategies.
Practical Exercise: Identifying key supplier segments for your business.

Day 2: Supplier Selection and Performance Management

Criteria for supplier selection and qualification.
Developing supplier scorecards and key performance indicators (KPIs).
Managing supplier performance and corrective action plans.
Practical Exercise: Designing a supplier evaluation framework.

Day 3: Contract Negotiation and Supplier Collaboration

Mastering negotiation techniques for supplier agreements.
Establishing long-term, mutually beneficial contracts.
Strategies for resolving conflicts and ensuring compliance.

Day 4: Risk Management and Crisis Mitigation in Supplier Relationships

Identifying and mitigating supply chain risks.
Developing contingency plans for supplier failures.
Managing geopolitical, economic, and environmental risks.
Practical Exercise: Creating a supplier risk mitigation plan.

Day 5: Leveraging Technology and Innovation in Supplier Management

The role of digital tools and AI in supplier relationship management.
Using data analytics for supplier performance tracking.
Sustainable and ethical sourcing strategies.
Course review

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

All
April
July
August
September
October
November

Location

All
Amsterdam
Barcelona
Dubai
London
Milan

New

London

$5,300

Duration: 5 Days

date: 14 - 18 Apr 2025

New

Amsterdam

$5,300

Duration: 5 Days

date: 14 - 18 Jul 2025

New

Dubai

$5,300

Duration: 5 Days

date: 18 - 22 Aug 2025

New

Barcelona

$5,300

Duration: 5 Days

date: 22 - 26 Sep 2025

New

Milan

$5,300

Duration: 5 Days

date: 13 - 17 Oct 2025

New

London

$5,300

Duration: 5 Days

date: 24 - 28 Nov 2025

Procurement & Supply Chain Management

Supplier Relationship Management (SRM)

Duration:5 Days

date:14 - 18 Apr 2025

London

$5,300

Questions? Speak to our
friendly training advisor

Maisa Abed

sales@londontfe.com

+44 2071836657

Chat on Whatsapp

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

100000+ Members in
59+ Countries with
3000+ Chapters

Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

Get In Touch Today