Vendor Management Case Study:
Vendor management is the process of the appropriate organization of the work of vendors in the company. The question of vendor management is very relevant for every firm, because it is difficult to find the right employees who will be able to organize the activity of trade, increase the financial performance of the firm, optimize the process of sale, treat the work with responsibility, monitor the activity of other vendors on all levels.
Vendor management is a complicated issue for every company, because it is hard to provide the vendor with the appropriate working conditions and satisfy his emotional needs. It is important for the managers of the higher level maintain the work of the vendors of the lower level in order to make their work more successful and productive. Naturally, vendor’s income depends on his skills and personal abilities to sell the product to everyone. It does not worth mentioning that one can not master the skills of a perfect vendor without the advice and assistance of the experienced employees.
So, the task of the qualified and well-trained vendors and managers is to control the novice vendors and provide them with the instruction which can help them survive in the workplace and the whole staff of the company. Vendor management is the branch of the more global human resource management and it requires the same knowledge about the psychological peculiarities of a personality, her behaviour and typical reactions to the irritant. The vendor manager should possess the qualities a little bit of a psychologist in order to organizes the vendor’s work well and find the right approach towards him. The manager should know how to motivate the vendor’s work and how to regulate the conflicts in the vendors’ staff.
Vendor management is a very urgent topic for the research for every future businessman and employer. The student who wants to be the expert in business and management is supposed to learn about vendor management everything. It is easier to master the topic on the definite example, so the case on vendor management is the chance to find out about the cause of the problems related with management and the consequences of the problem on the quality of vendor management. The issue should be researched well and the student is obliged to solve the problem of the case professionally.
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