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Managing Vendor Qualification & Contract Compliance

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

You might be interested in another Procurement and Supply Chain programs as a next step.

This is the official IACCM course.

YOU WILL LEARN HOW TO

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

Productive evaluation

IMPORTANT COURSE INFORMATION

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.

Certificate

After this course, you are eligible to apply for Certificate in Contract & Commercial Management (CCM)

You can find details about exam here.

COURSE OUTLINE

Modules

Module 1: Vendor Qualification: Compiling an Approved Supplier List

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

Supplier Segmentation

Module 2: Supplier Evaluation and Assessment

Vendor / Supplier Pre-qualification Questionnaire

Supplier Evaluation

Quality Management Systems

Performing a Supplier Assessment

Certification of Suppliers

ISO Certification

Setting Acceptance Criteria

Module 3: Supplier Performance - What to Measure?

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

Module 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

Corrective Action Procedures

Module 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

 

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