Sourcing & Vendor Management
This course introduces students to strategic sourcing and vendor management. A Vendor Management Office (VMO) is a strategically focused purchasing organization of highly skilled business advisors who are entrusted with strategic sourcing and management of vendor relationships. The purpose of a VMO is to manage procurement and vendors to ensure that investments in key commodities are maximized and risk to the business minimized. Students will be introduced to the concept of strategic sourcing and vendor management, as well as being presented with tools and resources that are applicable to sourcing and vendor management. Elements include the recruiting of VMO staff, staff job descriptions, responsibilities, and annual performance review objectives.
Online & On Campus