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 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 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.

This program will provide participants with best practices for building a sustainable vendor qualification process. It will also adopt a systematic approach to demonstrate the optimal methods for enhancing vendor performance and ensuring contract compliance.

For whom:

This program is designed for 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 successful outcomes from contracting situations.

Learning objectives:

At the end of the course, participants will be able 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