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.

Objectives:

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

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

Course Outline

DAY 1

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

DAY 2

Supplier Evaluation and Assessment

Vendor / Supplier Pre-qualification Questionnaire