Vendor and Tendering Management
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Vendor and Tendering Management Course
Introduction:
Despite our best efforts, we often face challenges such as late deliveries, exceeding budgets, and underperforming outcomes. It's crucial to assess whether we are taking the right approach in our procurement practices. Selecting the right suppliers requires employing the appropriate processes and criteria.
This program adopts a systematic approach to showcase the optimal method of vendor qualification. It aims to improve supplier performance and ensure contract compliance. By attending this program, participants will gain valuable insights and strategies to enhance procurement practices, leading to better outcomes and improved overall performance.
Course Objectives:
Participants attending the program will:
- Benefit from learning from a seasoned practitioner
- Hearing the practices and experiences of others
- Cover 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
Who Should Attend?
This program is suitable 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
Course Outlines:
Vendor Qualification-Compiling an Approved Supplier List
- Determining the goals and objectives of Procurement
- Formulating a proper Procurement strategy
- Involving the end-user in determining the required technologies
- Developing an approved supplier list based on the required technologies
- Compiling supplier selection criteria
- Forming commodity teams to evaluate and provide supply solutions
Supplier Assessment
- Supplier initial questionnaire
- Detailed supplier investigation
- Quality management systems
- Performing a supplier assessment
- Process capability studies
- Certification of suppliers
- ISO Certification
- Setting acceptance criteria
- Engaging the supplier during the tender process
Supplier Performance - What to Measure?
- Carrot or stick?
- The setting of objects that are aligned with the goals of the company
- Characteristics of a good performance measurement system
- Developing a supplier performance system
- Sources of data
- Common mistakes in data recording
- 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
- Punishing bad behavior
- 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
Determining the final outcome
- Project close-out report
- Time
- Performance/Quality
- Cost