Executive Master in Strategic Finance and Business Leadership

Course Title:  Procurement Essentials - Vendor Selection

Course ID:   260928 0101 271ESH

Course Dates :          28/09/2026            Course Duration :   5   Studying Day/s  Course Location: London,   United Kingdom

Language:  Bilingual

Course Category:  Professional and CPD Training Programs

Course Category:          Commercial & Contract Management Governance & Compliance Operational Excellence Professional Practice & Standards Strategic Management 

Course Certified By:

  ESHub CPD & LondonUni - Executive Management Training


* Professional Training and CPD Programs
Leading to:
Executive Diploma Certificate
Leading to:
Executive Mini Masters Certificate
Leading to
Executive Masters Certificate

Certification Will Be Issued:  From London, United Kingdom


Course Fees: 

VAT may vary depending on the country where the course or workshop is held.

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Course outlines

Course

 Procurement Essentials - Vendor Selection

Outlines

Executive Master in Strategic Finance and Business Leadership

Course Information

Introduction

Vendor selection is a critical procurement activity that determines the quality, reliability and value of supplier relationships. A structured selection process helps organisations make objective decisions, reduce supplier risks and ensure that chosen vendors can meet business requirements.

This programme provides participants with practical methods for evaluating, comparing and selecting suitable vendors. Participants will learn how to define selection criteria, conduct supplier assessments, analyse proposals and make informed vendor decisions that support organisational objectives.

Objectives

1. Apply structured vendor selection processes to identify suitable suppliers.
2. Analyse supplier capabilities, proposals and commercial information.
3. Develop effective evaluation criteria for objective vendor assessment.
4. Evaluate vendor risks and suitability against organisational requirements.
5. Improve vendor selection decisions through structured analysis and documentation.

Who Should Attend?

1. Procurement Managers.
2. Purchasing Officers.
3. Strategic Sourcing Specialists.
4. Contract Managers.
5. Supply Chain Managers.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Post-assessment
If Applicable:
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

Daily Schedule (Monday to Friday)
- 09:00 AM – 10:30 AM Technical Session 1
- 10:30 AM – 12:00 PM Technical Session 2
- 12:00 PM – 01:00 PM Technical Session 3
- 01:00 PM – 02:00 PM Lunch Break (If Applicable)
- Participants are expected to engage in guided self-study, reading, or personal reflection on the day’s content. This contributes toward the CPD accreditation and deepens conceptual understanding.
- 02:00 PM – 04:00 PM Self-Study & Reflection

Please Note:
- All training sessions are conducted from Monday to Friday, following the standard working week observed in the United Kingdom and European Union. Saturday and Sunday are official weekends and are not counted as part of the course duration.
- Coffee and refreshments are available on a floating basis throughout the morning. Participants may help themselves at their convenience to ensure an uninterrupted learning experience Provided if applicable and subject to course delivery arrangements.
- Lunch Provided if applicable and subject to course delivery arrangements.

Course Outlines

Week 1
Day 1

Vendor Selection Fundamentals
- Understanding the importance of vendor selection
- Exploring the vendor evaluation process
- Identifying key factors affecting supplier decisions

Defining Vendor Requirements
- Establishing business and technical requirements
- Developing supplier selection criteria
- Aligning requirements with organisational objectives

Vendor Selection Strategy
- Planning vendor selection activities
- Defining selection approaches
- Managing vendor selection timelines

Day 2

Supplier Identification
- Identifying potential vendors
- Conducting supplier market research
- Building supplier shortlists

Request for Proposal (RFP) Process
- Preparing vendor requests
- Defining proposal requirements
- Managing vendor responses

Evaluation Criteria Development
- Creating weighted evaluation models
- Defining assessment categories
- Ensuring objective supplier comparison

Day 3

Vendor Assessment Methods
- Evaluating supplier capabilities
- Reviewing technical and commercial information
- Assessing supplier suitability

Supplier Due Diligence
- Reviewing supplier background information
- Assessing operational capability
- Identifying potential risks

Vendor Scoring and Analysis
- Applying scoring techniques
- Comparing supplier performance
- Supporting evidence-based decisions

Day 4

Commercial Evaluation
- Analysing supplier pricing
- Comparing total value considerations
- Assessing commercial risks

Vendor Risk Assessment
- Identifying supplier risks
- Evaluating continuity and compliance risks
- Developing risk mitigation approaches

Selection Decision Process
- Reviewing evaluation results
- Supporting stakeholder decisions
- Documenting selection rationale

Day 5

Vendor Selection Implementation
- Managing supplier onboarding activities
- Establishing communication requirements
- Supporting successful vendor engagement

Improving Vendor Selection Practices
- Reviewing selection effectiveness
- Identifying improvement opportunities
- Strengthening future vendor assessments

Review and Action Planning
- Reviewing procurement essentials vendor selection tools and frameworks
- Preparing a personal implementation or development plan
- Course review, feedback and implementation planning