Training on Vendor Pre-qualification and Management

About the Course 

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. 

This training program 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. 

Target Participants 

This course targets Contract, Procurement, supply chain and Projects personnel 

Training Approach 

This course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies. 

Training manuals and additional reference materials are provided to the participants. 

Certification 

Upon successful completion of this course, participants will be issued a certificate. 

Tailor-Made Course 

We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs. 

Course Duration 

Online 

7 Days 

Classroom-based   

5 Days 

What You Will Learn 

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