Vendor Prequalification & Supplier Audit

What you will be able to do

By the end of this programme you will be able to:

• Design a survey framework and audit checklist for supplier assessment
• Apply audit inspection techniques to sources of supply and prequalification criteria
• Assess vendor capability for category purchasing classification
• Build a vendor balanced scorecard for selecting approved vendors
• Track supplier performance using metrics and a performance scorecard

Programme outline

The product quality and services of an organisation are a direct result of the capabilities of its suppliers and contractors, which makes a structured survey and audit central to the approved vendor list. The programme covers survey framework and methodology, the design of a survey checklist for audit, audit inspection techniques for the sources of supply and prequalification criteria, vendor motivation and the vendor perception model, capability assessment for category purchasing classification, and the scorecards used to select approved vendors and to track supplier performance. You will be able to conduct a professional vendor survey and supplier audit, and analyse and select potential suppliers for inclusion in the approved vendor list.

1. Digital Impact on Vendor & Supplier Survey and Audit
2. Survey Framework and Methodology & Design of Survey Checklist for Audit
3. Audit Inspection Techniques of the Sources of Supply & Prequalification Criteria
4. Online Assessment, e-Catalogues, e-Auction & e-Procurement & Supplier Manuals
5. Vendor & Supplier Development Pyramid
6. Understanding Vendor Motivation & Establishing the Vendor Perception Model
7. Assessing Capabilities of Vendor and Supplier for Category Purchasing Classification
8. Creating Vendor Balanced Scorecard for Selecting Approved Vendors
9. Supplier Performance, Metrics, Techniques & Generating Supplier Performance Scorecard
10. Relevant & Practical Case Exercises

Who should attend

You decide which suppliers are admitted to the approved vendor list, which means running the survey, inspecting the source of supply and standing behind the assessment. The programme suits Procurement Executives, Purchasing Managers, Supplier Quality Engineers, QA or QC Officers, Vendor Management Executives and Supply Chain Managers who prequalify and audit suppliers. It also serves managers who have inherited a vendor list they did not build and need a structured way to review 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 programme is facilitated by an expert trainer with substantive experience in conducting vendor surveys and auditing the capabilities of suppliers and contractors, with sessions interspersed with relevant exercises on supplier survey and audit.