Managing Vendor Qualification, Performance & Contract Compliance.
Suppliers and vendors play a crucial 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.
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 result; therefore we have to ensure we use the right processes and criteria to select our suppliers.
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.
This Managing Vendor Qualification, Performance & Contract Compliance training seminar will use the system approach to demonstrate the optimal method in vendor qualification, enhance performance and ensure contract compliance.
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
This is the official IACCM course.
Participants attending this training seminar will:
Ensuring suppliers performance
Higher customer satisfaction
Evaluate and identify to remove hidden cost drivers
Inventory optimization with supplier involvement
Reduced total cost
Gain competency in the work task
Understanding of the importance of supplier/vendor relationship
Supplier / Vendor segmentation to better manage
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
This course is approved for 60 CPD credits for IACCM international certificates.
After this course, you are eligible to apply for Certificate in Contract & Commercial Management (CCM)
You can find details about exam here.
Distinguish between Supplier and Vendor
Determining the Goals and Objectives of Procurement
End-user Involvement in Earlier Supplier Management
Compiling Supplier Selection Criteria
Developing an Approved Supplier List
Vendor / Supplier Pre-qualification Questionnaire
Quality Management Systems
Performing a Supplier Assessment
Certification of Suppliers
Setting Acceptance Criteria
A setting of Objective that is aligned with the Goals of the Company
Characteristics of a Good Performance Measurement System
Developing a Supplier Performance System
Supplier Performance Management and Metrics
Implementing the System
Rating the Individual Supplier
Ranking your Suppliers
Disseminating the Results: What to do and what not to do?
Rewarding Good Behaviour
Corrective Action Procedures
What constitutes a Breach?
The Different Types of Breaches
The Different Remedies Available
Determining the Quantum of Damages