Effective Supplier Management

About this programme

The Effective Supplier Management programme is a comprehensive approach to managing the relationships and interactions with suppliers. The programme is designed to identify and evaluate suppliers, establish clear communication and expectations, monitor supplier performance, and improve supplier performance through continuous improvement initiatives. The objective of effective supplier management is to ensure that suppliers are aligned with the organisation’s goals and objectives, are reliable and efficient in delivering high-quality goods and services, and are able to continuously improve their performance. The programme involves regular communication and collaboration with suppliers, regular performance evaluations, and regular monitoring of supplier performance metrics such as delivery time, quality, cost, and responsiveness.

This programme is developed by Singapore Institute of Purchasing and Materials Management (SIPMM), with industry advisory from global providers and organisations that provide career pathways and job specifications for skills upgrading and mastery. The programme is facilitated by an expert trainer, who has extensive years of experience holding leadership positions in logistics, procurement, and supply chain management. The training session is expected to be lively and interactive, interspersed with relevant exercises and modern case studies on supplier management.

Why should you enrol in this programme?

Individuals should enrol in Effective Supplier Management programme for the following reasons:

1. Improved supplier performance: By implementing effective supplier management practices, individuals can ensure that their suppliers are aligned with the organisation’s goals and objectives, are reliable and efficient in delivering high-quality goods and services and are able to continuously improve their performance.
2. Cost savings: Effective supplier management can help to reduce costs by improving supplier efficiency, reducing waste, and reducing the risk of supply chain disruptions.
3. Improved risk management: Effective supplier management helps to identify and mitigate risks associated with supplier relationships, such as delivery delays, quality issues, or financial instability.
4. Improved competitiveness: Effective supplier management helps to improve the competitiveness of an organisation by ensuring that suppliers are delivering high-quality goods and services at a competitive price.
5. Improved sustainability: Effective supplier management can help to improve sustainability by promoting ethical and environmentally responsible supplier practices.
6. Career advancement: Effective supplier management is a valuable skill for individuals looking to advance their careers in procurement, supply chain management, or purchasing.

Who should enrol in this programme?

There are several types of professionals who might benefit from enrolling in this programme:

1. Procurement professionals: Procurement professionals who are responsible for managing supplier relationships, sourcing, and purchasing, and improving supplier performance.
2. Supply chain managers: Supply chain managers who are responsible for overseeing the entire supply chain, from procurement to delivery, and ensuring that suppliers are aligned with the organisation’s goals and objectives.
3. Purchasing professionals: Purchasing professionals who are responsible for buying goods and services on behalf of the organisation, negotiating contracts, and managing supplier relationships.
4. Operations managers: Operations managers who are responsible for ensuring that the supply chain is running smoothly, that suppliers are delivering on time and to the right quality, and that the organisation is meeting its operational goals.
5. Executives and managers in charge of supplier management: Executives and managers who are responsible for managing supplier relationships, evaluating supplier performance, and implementing effective supplier management practices.
6. Business owners and entrepreneurs: Business owners and entrepreneurs who are looking to improve their supplier management skills, reduce costs, and improve the competitiveness of their businesses.

Overall, anyone who is interested in improving their skills in supplier management and wants to ensure that their organisation is getting the best value from its suppliers should consider enrolling in this programme.

How can you benefit from this programme?

Individuals can benefit from the Effective Supplier Management Programme in the following ways:

1. Improved supplier relationships: By learning effective supplier management practices, individuals can develop stronger and more productive relationships with their suppliers, which can result in improved supplier performance and better value for the organisation.
2. Better understanding of supplier performance: Individuals will gain a deeper understanding of how to evaluate and monitor supplier performance, which can help to identify opportunities for improvement and reduce the risk of supply chain disruptions.
3. Cost savings: Effective supplier management can help to reduce costs by improving supplier efficiency, reducing waste, and reducing the risk of supply chain disruptions.
4. Improved risk management: Individuals will learn how to identify and mitigate risks associated with supplier relationships, such as delivery delays, quality issues, or financial instability.
5. Improved competitiveness: Effective supplier management can help to improve the competitiveness of an organisation by ensuring that suppliers are delivering high-quality goods and services at a competitive price.
6. Improved sustainability: Effective supplier management can help to improve sustainability by promoting ethical and environmentally responsible supplier practices.
7. Career advancement: Effective supplier management is a valuable skill for individuals looking to advance their careers in procurement, supply chain management, or purchasing.

Qualify for Accredited Designation Award

At the end of this programme, each participant will attain a Certificate of Competency. This specialised Certificate of Competency is awarded by Singapore Institute of Purchasing and Materials Management (SIPMM) and is accredited by Logistics Institute of Singapore. When a participant attains 3 Competency Certificates, the participant can qualify for the Accredited Designation award. For more information about the qualifying criteria for the Accredited Designation award, please visit https://sipmm.edu.sg/ada/.