Technical Procurement and Contract Lifecycle Management
This course provides IT Vendor Managers with the essential skills to manage the lifecycle of vendor contracts. Participants will learn how to monitor performance, manage financial obligations, and mitigate risks in technical supply chains.
£190
Certified Vendor Management Associate
- Pass mark 70%
- Certificate on completion
- Verifiable public certificate ID
- English · available globally
Technical Procurement and Contract Lifecycle Management: the short answers
- What is Technical Procurement and Contract Lifecycle Management?
- This course provides IT Vendor Managers with the essential skills to manage the lifecycle of vendor contracts. Participants will learn how to monitor performance, manage financial obligations, and mitigate risks in technical supply chains.
- Who is Technical Procurement and Contract Lifecycle Management for?
- It is pitched at Foundation level for IT Vendor Managers working in IT, and is studied online from any country.
- How long does Technical Procurement and Contract Lifecycle Management take?
- Around 10 hours of study, plus the assessed assignments and one applied project.
- How is the certification assessed?
- Every assignment and the final project are assessed automatically against the published criteria. The pass mark is 70%, and an item that does not pass can be resubmitted.
- What do I receive when I pass?
- Certified Vendor Management Associate, issued as a certificate with a unique ID that employers can check in the public certificate register.
- How much does it cost?
- £190 once, with no subscription.
What you will be able to do
- Manage the full lifecycle of a technical vendor contract
- Monitor supplier deliverables against agreed standards
- Execute basic financial reconciliations for vendor billing
- Identify and mitigate supply chain risks early
- Develop relationship strategies to improve vendor output
Written by Linda Wu, IT Operations and Procurement Lead. Every submission is assessed automatically against the published criteria for Certified Vendor Management Associate, and the certificate is issued the moment the assessment is complete.
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