KEY FUNDAMENTAL OF EFFECTIVE SUPPLIER MANAGEMENT

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INTRODUCTION OF KEY FUNDAMENTAL OF EFFECTIVE SUPPLIER MANAGEMENT 

Suppliers ability to co operate and delivers requirement is an important factor to ensure company are able to deliver quality and competitive product to the market place and thus, securing the important share of the pie.

An ineffective supplier performances and with it, bring unwanted problems to companies performances may forces organization to lose market share and even shut down total operation.

That is why, we bring this training to bring overall awareness and help organization to understand the important role of suppliers in business growth.

 

COURSE OBJECTIVES

This training is design with the following training objectives to be delivered to the participants;

  • Raise awareness of the importance of a supplier role in organization growth
  • Provide the necessary knowledge to the participants to ensure optimum level of supplier performance
  • Reduce conflict with suppliers with a systematic approach to supplier issues
  • Introduce different methodology on suppliers management and supplier stratification system
  • Bring awareness and importance of supplier risk management

 

By the end of the 2 day interactive training, participants should be able to learn the following:-

  • APPRAISE current internal process on issue of supplier management
  • IDENTIFY an appropriate supplier management system to improve on their current level of supplier management
  • DISTINGUISH the difference between Supplier Relationship Management, Supplier Performance Management and Supplier Quality Management
  • IDENTIFY risky supplier base and DECIDE on appropriate action plan to ELIMINATE the risk
  • DEVELOPED action plan after the training to your area of responsibility for organization improvement.

 

TRAINING METHODOLOGIES

  • Notes will be provided
  • Power point presentation
  • Brain storming session
  • Case Studies
  • Post test will be conducted at the end of the program
  • Trainer facilitate discussion

 

COURSE CONTENT

Module 1  Understand Procurement Value Proposition (PVP)

  • Key Levels  of PVP
  • Step toward generating the value required
  • 7Rs of Procurement

 

Module 2 Supplier Quality Standards

  • Procedure and Process documentation
  • Key important topics in supplier quality manual
  • Purpose of supplier quality manual

 

Module 3 Effective Purchase Procedure

  • Rule of delivery
  • Key information in a Purchase order
  • Best practices for purchase procedure
  • Key benefits of Purchase order
  • Types of Purchase order
  • Force Majeure
  • Offer and Acceptance rules
  • Cost analysis practices
  • Case study

 

Module 4 Supplier Management Best Practices

  • Segmentation strategies
  • Supplier Auditing
  • Onboarding and Offboarding strategies
  • Performance management
  • Corrective and Preventive management
  • Develop strong negotiation strategies
  • Key KPI for supplier management
  • Calculating supplier value to the organization
  • Leverage strategies
  • Understand your supplier traits
  • Rootcause analysis to understand and solve supplier problems
  • Centralize versus decentralize supplier data base
  • Areas of risk in supplier management
  • Case study

 

Module 5 Cost Reduction Strategies

  • Process of Cost reduction
  • Strategies used in Cost reduction
  • Type of supplier trait which will enhance cost reduction
  • Activities which encourage supplier contritbution to cost reduction
  • Dynamic discounting
  • Case study

 

Module 6 Supplier Performances Strategies

  • Key principle of supplier leveraging strategies
  • Supplier Preception on the customer
  • Surveillance strategies
  • Supplier Quality management
  • Strategies to maintain positive relationship
  • Expediting
  • Line review
  • Strategic Sourcing
  • Ethical practices
  • Case study

 

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KEY FUNDAMENTAL OF EFFECTIVE SUPPLIER MANAGEMENT

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