Strategic approach to Vendor Management

The objective of the program was to provide an understanding of the scope of purchase function and the importance of vendor management in creating a high powered purchase organization. To expose the participants to latest cutting edge framework and practices in purchase function and understand international trading terms.

The workshop started with an overview of the Purchasing and SCM activities and then drilled down to the scope of purchasing and its objectives, buyer-seller relationships and international trading terms that a purchase officer must be aware of.

The faculty used classic case examples from companies like Harley Davidson, Eaton & Toyota to bring out the criticality of vendor Management.

The lessons provided foundation of effective management and leadership that will aim to deliver value to shareholders and other important stakeholders in business.

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Student Achievements

Akshata Pai and Shashikala Kannan

First place, National Social B plan contest-Kalpavriksha, Ahvan’12, IIM Indore

Anup Pandit, Satish Rajagopalan, Harish Krishnan, Gaurav Bhandari and Sunny Bhambhwani

2nd in the All India Strategy competition, 5 Samurai, the flagship competition at 'Samanvay', DoMS, IIT Madras

Gaurav Bhandari and Jayashree Ramamoorthy

First prize in Battleground-Conquest, strategy competition conducted by IIM-Shillong

Hemant Grover, Jitin Mehndiratta and Namita Joshi

First prize in "HR Cut – Video Making Competition" organized by IIM – Ranchi

Kishore Kumar and Sri Hariharan Subramaniyan

1st prize, Silent Voice ad competition, IIM Shillong

Abhash Nigam, Sathya Udayakumar, Shreya Sharma

3rd position in Circus Maximus event held by the Marketing Association at XLRI (MAXI) during Ensemble 2012 at XLRI, Jamshedpur

Nandita Krishnan, Harish Vijayarangan

Third place, Quest, live case study competition, NMIMS

Kriti Dua & Sankalp Parihar

Regional Winners, 9th National Competition for Management Students, AIMA, Bangalore