Decisions about where to buy components, raw materials, manufacturing and testing equipment, and even advisory services should be well-informed and documented through a vendor qualification process. Making bad purchasing choices can result in circumstances that affect product quality, regulatory compliance, business earnings, and even the company’s reputation.

Training on vendor pre-qualification and management takes participants through best practices for developing a long-lasting vendor qualifying process. The training will adopt a practical approach to illustrate the best ways to improve vendor performance and guarantee contract compliance.

Who Should Attend

Training on vendor pre-qualification and management targets contract, procurement, supply chain and projects personnel

Duration:            5 days

Course Objectives

By the end of this course the participants will be able to:

• Design a sustainable vendor qualification program
• Choose the ideal prospective vendor
• Determine what a prospective vendor must provide before being approved
• Calculate the time and costs involved with vendor qualifying
• Identify typical mistakes to avoid while selecting vendors
• Create impactful performance metrics
• Use performance results for continuous improvement

Course Outline

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

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

Supplier Performance – What to Measure?

• Setting of objectives that are 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

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
• Corrective action procedures

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

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement.

Training Venue 

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request.

Terms of Payment: Unless otherwise agreed between the two parties, payment of the course fee should be done 3 working days before commencement of the training to enable us to prepare better

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.