Advanced Management of Suppliers
Why Attend
Course Objectives
Target Audience
Course Methodology
Why Attend
The Advanced Supplier Management course emphasizes supplier management as a critical component in cost reduction and improving quality and service levels. The training covers techniques and methodologies that empower participants to implement a paradigm shift in these areas.
Course Objectives
- Gain a comprehensive understanding of different positions, considering the weight of suppliers compared to the company;
- Acquire knowledge about the effective integration of suppliers into company processes and understand the associated benefits of this practice;
- Develop skills to launch and implement supplier development programs efficiently;
- Understand the positive impact on company results by having adequately developed and integrated suppliers in organizational processes.
Target Audience
- Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control.
- General managers wanting to understand the procurement function.
- Those engaged in the management or operation of projects.
Course Methodology
This interactive training course includes the following training methodologies as a percentage of total tuition hour :
- Lectures
- Workshops, work presentations ,
- Group Work in case study & Practical Exercises.
- Videos and general discussions
Course Outline
Day - 1
Understanding the Role of Suppliers and Contractors
- Importance of suppliers and contractors in successful project execution
- Identifying and categorizing suppliers and contractors
- Challenges and risks associated with supplier and contractor management
Day - 2
Strategic Supplier and Contractor Selection
- Developing criteria for supplier and contractor selection
- Conducting due diligence and background checks
- Establishing strategic partnerships with suppliers and contractors
Day - 3
Contract Management Fundamentals
- Key elements of an effective contract
- Negotiating and structuring contracts
- Contract compliance and performance monitoring
Day - 4
Supplier Relationship Management
- Assessing and monitoring supplier performance
- Developing supplier improvement programs
- Effective communication and collaboration with suppliers
- Monitoring contractor performance and progress
- Addressing issues and disputes with contractors
- Ensuring compliance with contract terms and conditions
Day - 5
Supplier and Contractor Development
- Capability building and development programs for suppliers and contractors
- Continuous improvement strategies for suppliers and contractors
- Evaluating the effectiveness of supplier and contractor development initiatives