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

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

Krishnan Chidambaram

First runner-up in H-Calibre, article writing competition by IIM Ranchi

Kishore Kumar and Sri Hariharan Subramaniyan

1st prize, Silent Voice ad competition, IIM Shillong

Vignesh Srinivasan, Sri Hariharan Subramaniyan, Regoonathan Sankararaman

Second prize, Kurukshetra competition, Convergence 2012, Operations & IT summit, SIBM Banglore

Namratha Vaidya, Mahesh Panigrahy and Mankirat Puri

In top 5 - present paper on “Outbound Acquisitions” at “Mulyankan”- the 14th, annual Finance Conference by N.L Dalmia Institute of Management Studies and Research

Siddharth Venkataraman, Krishnan Chidambaram

First place, article writing contest, IIFT's Finance magazine, InFINeeti