Effective Supplier Management is a two-day managerial programme on the knowledge and techniques to source and select the right suppliers, and to measure and evaluate the performance of suppliers. It covers the digital impact on strategic sourcing and selection strategy, sourcing strategies and the procurement category matrix, sources of supply, prequalification, online sourcing tools and supplier manuals, e-catalogues, e-auction and e-procurement, the supplier selection process, supplier scorecard, negotiation and final selection, the vendor and supplier development pyramid, supplier performance metrics and evaluation, the design and deployment of a performance system, and the supplier motivational and perception model. The programme is facilitated by a trainer with substantive experience in supplier performance management, and the sessions are interactive and interspersed with relevant exercises for effective supplier management.
Fees include course materials, breakfast and lunch, and the Certificate of Competency. Members save S$90 on this programme.
What you will be able to do
By the end of this programme you will be able to:
- Match sourcing strategies to the procurement category matrix
- Prequalify sources of supply using online sourcing tools and supplier manuals
- Run a selection process using supplier scorecards and structured negotiation
- Measure supplier performance using metrics, techniques and crucial evaluation steps
- Design and deploy a supplier performance and development system
Programme outline
Effective supplier management is critical to any organisation, as a wrong supplier can bring about immense risks and damages to the organisation. The programme covers strategies for improving and enhancing the performance of suppliers, running from sources of supply, prequalification and sourcing tools through to the supplier scorecard, negotiation and final selection, and then to the metrics, techniques, performance system design and motivational model that apply once a supplier is appointed. On completion you will be able to source and select the right suppliers, measure and evaluate supplier performance, and apply supplier management and development strategies.
- Digital Impact on Strategic Sourcing, Selection Strategy, and Supplier Management
- Sourcing Strategies & Procurement Category Matrix
- Sources of Supply, Prequalification, Online Sourcing, Sourcing Tools & Supplier Manuals
- E-Catalogues, E-Auction & E-Procurement
- Supplier Selection Process, Supplier Scorecard, Supplier Negotiation & Final Selection
- Vendor & Supplier Development Pyramid
- Measuring Supplier Performance, Metrics, Techniques & Crucial Steps for Supplier Evaluation
- Designing Performance System & Deployment
- Supplier Motivational & Perception Model
- Supplier Management & Development Strategies
Who should attend
Your organisation performs only as reliably as its suppliers do, and the work of choosing them and holding them to account sits with you. The programme is written for Vendor Managers, Supplier Development Managers, Sourcing Managers, Procurement Executives and Quality Assurance Officers who prequalify suppliers, maintain scorecards and handle performance escalations. Purchasing Supervisors taking on supplier evaluation for the first time are also well placed for it.
Approving this for your team? The programme is suitable for staff development budgets, and SIPMM can invoice your organisation directly and arrange group registrations.
Your trainer
The facilitator brings substantive experience in supplier performance management, drawn on throughout the sessions on scorecards, supplier evaluation and development strategies.
This programme awards 1 Certificate of Competency
Certificates of Competency build towards SIPMM's professional designations. ASP™ and AIP™ require three, and Chartered status requires an active designation plus two at managerial or leadership level.
Deliver this programme in-house
This programme can be run for your team at your premises or at SIPMM, tailored to your organisation's categories and operations.