Managing Vendor Qualification, Performance and Contract Compliance

Managing Vendor Qualification, Performance and Contract Compliance

Introduction

Are we doing the right things? In spite of all our efforts, deliveries are late, over budget and below performance. The way that we approach our procurement has a marked effect on the end result; therefore we have to ensure we use the right processes and criteria to select our suppliers.

This seminar will use the system approach to demonstrate the optimal method in vendor qualification, enhance performance and ensure contract compliance.

 

This fast paced seminar provides both strategic and tactical insights into:

  • Casting the net wide enough to ensure an adequate number of suppliers to select from
  • Selecting only the best suppliers to participate
  • How to measure their performance objectively
  • To ensure that they perform according to expectations

 

Course Objectives :

Participants attending the program will:

  • Benefit from learning from a seasoned practitioner
  • Hearing the practices and experiences of others
  • Cover the vital steps in a proper supplier evaluation
  • Matching customer requirement with the correct supplier segmentation
  • Develop meaningful performance measures
  • Learn how to use those performance results for continuous improvement

 

Who Should Attend :

◦      Contracts, Procurement and Project personnel

◦      Engineering, Operational, Quality and Maintenance personnel

◦      And all others who are involved in interfacing with contractors or suppliers in the acquisition of materials, equipment, parts and services or anyone who wants to improve supplier performance and gain

 

Course Contents :

Compiling an Approved Supplier List

  • Determining the goals and objectives of Procurement
  • Formulating a proper Procurement strategy
  • Compiling supplier selection criteria
  • Developing an approved supplier list based on the required technologies
  • Forming commodity teams to provide supply solutions

Supplier Assessment & Qualification

  • Quality management systems
  • Performing a supplier assessment
  • Process capability studies
  • Engaging the supplier during the tender process

Supplier Performance - What to Measure

  • Carrot or stick?
  • Setting of objective that are aligned with the goals of the company
  • Characteristics of a good performance measurement system
  • Developing a supplier performance system
  • Sources of data
  • Common mistakes in data recording
  • Implementing the system

Supplier Performance – Interpreting the results

  • Rating the individual supplier
  • Ranking your suppliers
  • Disseminating the results: what to do and what not to do
  • Rewarding good behavior
  • Supplier recognition
  • Punishing bad behavior
  • Penalty clauses
  • Force majeure
  • Liquidated damages

Improving the supply system

  • Seeing the supply system as an interdependent, constantly changing system
  • Creating stability
  • Defining the role of the buyer
  • Working with end-users
  • Identifying the bottlenecks of the system
  • Defining the continuous improvement project

Event Information

Event Date 08-09-2024
Event End Date 12-09-2024
Individual Price $3,600.00
Location cairo
Categories Purchasing and warehouse