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22 Portman Square, Marylebone, London W1H 7BG, UK
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19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli
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Managing Vendor Qualification, Contract Compliance & Performance

Vendors and suppliers are critical to a company's success. A formal system for tracking and evaluating supplier and vendor performance is critical to your company's smooth operation and profitability. Successful businesses welcome suppliers and vendors as partners in their efforts to expand their operations. As a result, you must select a supplier using the proper processes and criteria. This Supplier Qualification, Performance, and Contract Compliance Management training course take a systematic approach to teach you how to qualify suppliers, improve performance, and ensure contract compliance.

This training course provides both strategic and tactical insights into:

  • How wide is an adequate number of suppliers to maintain?

  • Selecting only the best suppliers to participate

  • How to measure their performance objectively

  • To ensure that they perform according to expectations

Course Objectives of Managing Vendor Qualification, Contract Compliance & Performance

Participants attending this training course will:

  • Comprehend to dodge combative relationships with their vendors and suppliers

  • Specify the purpose in understanding what value-add is given by the vendor

  • Specify the necessary steps in a suitable supplier evaluation

  • Matching customer requirements with the correct supplier segmentation

  • Develop meaningful performance measures

  • Learn how to use those performance results for continuous improvement

Course Methodology of Managing Vendor Qualification, Contract Compliance & Performance

Gagne's nine steps in retention to transfer knowledge to work practice is adopted through adult learning facilitation. Facilitation by an experienced practitioner and consultant, where individual and team exercises, and group discussions covering the many topics presented in the training course.

Organizational Impact of Managing Vendor Qualification, Contract Compliance & Performance

Your organization will benefit by:

  • Providing suppliers with performance
  • More elevated customer satisfaction
  • Estimate and determine to extract hidden cost drivers
  • Inventory optimization with supplier involvement
  • Fewer total cost

Personal Impact of Managing Vendor Qualification, Contract Compliance & Performance

  • Increase competency in the work assignment
  • Comprehension of the significance of supplier/vendor relationship
  • Supplier / Vendor segmentation to better manage
  • Productive evaluation