INTRODUCTION FOR VENDOR EVALUATION STRATEGY FOR ORGANIZATION PERFORMANCES

One of the key objectives of all business entity is to produce profit and in order to do that, businesses has to stay competitive and able to meet market demanded upon them to perform. For this to happen key managing processes need to perform and this include the function of the procurement operation.

Key roles of the procurement function is to manage the purchase and supply of material to the business operational needs and in order to do that efficiently and effectively, getting full support from vendors is one of the most critical and important function.

Without an excellent vendor managing system in place, obstacles and incident toward smooth supply chain operation will result in delays, lost hours, quality issue, and even resulting in product failure, which could put people at health and safety risk.

With this in mind, we propose a one day program, “Managing Vendor for Organization Performances” to bring knowledge and awareness of vendor management.

COURSE OBJECTIVES

By the end of the 2-day interactive session, the learning curve achieve will enable the following:-

• UNDERSTAND the strategic  role of procurement in business operation
• UNDERSTAND vendor total managing system from sourcing to off boarding
• UNDERSTAND key selection criteria of concern for new vendor selection
• IDENTIFY The type of strategy to be in place to manage vendor for performance
• DEVELOP action plan to implement vendor management strategies
• CARRY OUT risk assessment and take action to overcome to ensure supplies are not disrupted
• MANAGING vendors which will result in better supplies performances

WHO MUST ATTEND

This training program is highly recommended for employees involve in the managing of the supply chain function in the company, especially those in procurement and purchasing and others who are interested to know more about vendor management.

METHODOLOGY

This training will involve the following area to enhance learning:

1. Power point presentation
2. Case studies & Brain storming session
3. Discussion on subject of learning
4. Facilitating by trainer to enhance understanding of subject matter
5. Exercise to evaluate participants understanding

COURSE CONTENT

Day 1 (9.00am – 5.00pm)

Module 1 – Strategic and Tactical Objective and Goal of Procurement

• Key Objectives of Procurement
• Definition of Strategic and Tactical
• The Ps , Qs and Rs of Procurement
• Key Objectives of Procurement and Purchasing
• Strategic Role of Procurement
• Tactical Role of Procurement
• Competitiveness Model for strategic procurement system

Module 2 – Vendor Sourcing and Tendering

• Strategic Sourcing Strategy
• Type of sourcing strategies
• Type of Tendering strategies
• Strategic Cost Evaluation with Should Costing
• Strategic Cost Analysis for best pricing
• Price Analysis versus Cost Analysis
• Supplier Segmentation Management
• Ethical management
• Breakout room discussion

Module 3 – Vendor Selection and Evaluation Techniques

• Vendor Selection & Evaluation criteria
• Vendor Risk management (from sourcing to off boarding)
• Audit system and Type of Audit
• Evaluating risk beyond supplier operation

Module 4 – Strategic Vendors Management System

• Vendor Segmentation System
• Vendor Category management
• Vendor Quality Management
• Vendor Relationship Management
• Vendor Performance Management
• Vendor Management Process Cycle
• Ethical Management
• Controlled of Vendor Samples and Procedure
• KPI measurement system
• Cause and Effect Technique (5 Why and 1 How) for problem evaluation

Module 5 – Expediting and Improvement strategies

• What is expediting in procurement and supply chain process?
• Expediting principles
• Step for effective expediting
• Correcting procedure