Course description
The decisions where to purchase components, raw materials, manufacturing and testing equipment, and even consulting services, need to be well informed and documented through a vendor qualification process. The results of making poor purchasing decisions can lead to situations that impact product quality, regulatory compliance, company profits, and even the reputation of the company.
Suppliers and vendors play a key role in the company's success. Having a formalized system in place to track and evaluate supplier and vendor performance is essential to the smooth operation and profitability of the company.
Successful companies embrace their suppliers and vendors, viewing them as partners in helping to grow the business; therefore we have to ensure we use the right processes and criteria to select our suppliers.
The training course will explain best practices for building a sustainable vendor qualification process. It will also adopt a systematic approach to demonstrate the optimal methods in enhancing vendor performance and ensure contract compliance.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
ThisManaging Vendor Qualification, Performance & Contract Compliance Training Course is designed for:
- Contracts, Procurement and Project personnel
- Engineering, Operational, Quality and Maintenance personnel
- Those who are involved in interfacing with contractors or suppliers in the acquisition of materials, equipment, parts and services
- Anyone who wants to improve supplier performance and gain successful outcomes from contracting situations
Outcome / Qualification etc.
At the end of thisManaging Vendor Qualification, Performance & Contract Compliance Training Course,will enable delegates to:
- Structure for a sustainable vendor qualification programme
- Checklists and other vendor qualification documents
- How to determine the best potential vendor
- What a potential vendor needs to supply before qualification
- How to estimate costs and time associated with vendor qualification
- Common pitfalls to avoid when qualifying vendors
- Develop meaningful performance measures
- Learn how to use those performance results for continuous improvement
Training Course Content
Day 1
Vendor Qualification: Compiling an Approved Supplier List
- Determining the goals and objectives of Procurement
- Formulating a proper Procurement strategy
- Involving the end-user in determining the required technologies
- Developing an approved supplier list based on the required technologies
- Compiling supplier selection criteria
- Forming commodity teams to evaluate and provide supply solutions
Day 2
Supplier Assessment
- Supplier initial questionnaire
- Detailed supplier investigation
- Quality management systems
- Performing a supplier assessment
- Process capability studies
- Certification of suppliers
- ISO Certification
- Setting acceptance criteria
- Engaging the supplier during the tender process
Day 3
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
Day 4
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 behaviour
- Supplier recognition
- Punishing bad behaviour
- Corrective Action Procedures
Day 5
Remedies for Breach of Contract
- What constitutes a breach?
- The different types of breaches
- The different remedies available
- Determining the quantum of damages
- Liquidated damages
- Equitable damages
- Court injunction
- Project close-out report
- Time
- Performance/Quality
- Cost
Request info
London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...