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 Subcategories:
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 varies by course location and participant nationality.
Pay in Full Now
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.
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.
Course 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.
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
