he Edcomm Group Banker’s Academy has recently updated its Advanced Vendor Management Training Program to include new information and additional activities. Vendor Management 201 has been revised as part of Edcomm Banker’s Academy’s ongoing commitment to providing the most up-to-date and pertinent financial services information.
Successful vendor management is beneficial to both the vendor and the bank. The longer a vendor relationship is maintained, the more benefits the relationship is likely to yield for both parties, such as: new and customized products and services, access or updates to goods or services prior to their official release, discounts on future pricing and maintenance, faster turnaround, improved issue resolution, and much more.
Vendor Management 201, from Edcomm Banker’s Academy, is an interactive and highly-participative training program that teaches participants the advanced knowledge and skills they need to be successful at maintaining a positive vendor relationship at their bank. Students will receive an overview of vendor management, including the importance and benefits of vendor management and the vendor selection process, and then go on to learn the different types of vendors, such as strategic, tactical and transactional. Vendor Management 201 also teaches participants how to understand and apply contracts, manage their relationships with vendors, monitor their performance, measure success, while following proper policy and procedure.
The Edcomm Group Banker’s Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share – providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, online bank training and classroom instruction, multimedia production and online and print based documentation. Edcomm Banker’s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).