Managing Vendor Qualification, Performance & Contract Compliance

Introduction

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.

This Managing Vendor Qualification, Performance & Contract Compliance training course will use the system approach to demonstrate the optimal method in vendor qualification, enhance performance and ensure contract compliance.

This GLOMACS training course provides both strategic and tactical insights into:

• How wide an adequate number of suppliers to maintain
• Selecting only the best suppliers to participate
• How to measure their performance objectively
• To ensure that they perform according to expectations

Objectives

Participants attending this Managing Vendor Qualification, Performance & Contract Compliance training course will:

• Understand to avoid combative relationship with their suppliers and vendors
• Establish the goal in understanding what value-add is a given by the vendor
• Establish the vital steps in a proper supplier evaluation
• Matching customer requirement with the correct supplier segmentation
• Develop meaningful performance measures
• Learn how to use those performance results for continuous improvement

Training Methodology

Gagne's nine steps in retention to transfer of knowledge to work practice is adopted through adult learning facilitation. Facilitation by an experienced practitioner and consultant, where individual and team exercises, and group discussions covering the many topics presented in the Managing Vendor Qualification, Performance & Contract Compliance training course.

Organisational Impact

Your organisation will benefit by:

• Ensuring suppliers performance
• Higher customer satisfaction
• Evaluate and identify to remove hidden cost drivers
• Inventory optimisation with supplier involvement
• Reduced total cost

Personal Impact

Delegates attending this Managing Vendor Qualification, Performance & Contract Compliance training course will gain the following benefits:

• Gain competency in the work task
• Understanding of the importance of supplier / vendor relationship
• Supplier / Vendor segmentation to better manage
• Productive evaluation