KEY FUNDAMENTAL OF EFFECTIVE SUPPLIER MANAGEMENT

INTRODUCTION TO KEY FUNDAMENTALS OF EFFECTIVE SUPPLIER MANAGEMENT

Suppliers’ ability to co-operate and delivers requirement is an important factor to ensure the company can deliver quality and competitive product to the marketplace and thus, secure an important share of the pie.

Ineffective supplier performance and with it, bring unwanted problems to companies’ performances may forces organizations to lose market share and even shut down the total operations.

That is why, we bring this training to bring overall awareness and help the organization to understand the important role of suppliers in business growth.

COURSE OBJECTIVES

This training is designed with the following training objectives to be delivered to the participants;

• Raise awareness of the importance of a supplier’s role in organisational growth
• Provide the necessary knowledge to the participants to ensure the optimum level of supplier performance
• Reduce conflict with suppliers with a systematic approach to supplier issues
• Introduce different methodologies on suppliers management and supplier stratification system
• Bring awareness and the importance of supplier risk management

Suppliers’ ability to co-operate and delivers requirement is an important factor to ensure the company can deliver quality and competitive product to the marketplace and thus, secure an important share of the pie.

Ineffective supplier performance and with it, bring unwanted problems to companies’ performances may forces organizations to lose market share and even shut down the total operations.

That is why, we bring this training to bring overall awareness and help the organization to understand the important role of suppliers in business growth.

COURSE OBJECTIVES

This training is designed with the following training objectives to be delivered to the participants;

• Raise awareness of the importance of a supplier’s role in organisational growth
• Provide the necessary knowledge to the participants to ensure the optimum level of supplier performance
• Reduce conflict with suppliers with a systematic approach to supplier issues
• Introduce different methodologies on suppliers management and supplier stratification system
• Bring awareness and the importance of supplier risk management

COURSE CONTENT

Module 1  Understand Procurement Value Proposition (PVP)

• Key Levels  of PVP
• Step toward generating the value required
• 7Rs of Procurement

Module 2 Supplier Quality Standards

• Procedure and Process documentation
• Key important topics in supplier quality manual
• Purpose of supplier quality manual

Module 3 Effective Purchase Procedure

• Rule of delivery
• Key information in a Purchase order
• Best practices for purchase procedure
• Key benefits of Purchase order
• Types of Purchase Orders
• Force Majeure
• Offer and Acceptance rules
• Cost analysis practices
• Case study

Module 4 Supplier Management Best Practices

• Segmentation strategies
• Supplier Auditing
• Onboarding and Offboarding Strategies
• Performance management
• Corrective and Preventive management
• Develop strong negotiation strategies
• Key KPI for supplier management
• Calculating supplier value to the organization
• Leverage strategies
• Understand your supplier traits
• Rootcause analysis to understand and solve supplier problems
• Centralize versus decentralize supplier database
• Areas of risk in supplier management
• Case study

Module 5 Cost Reduction Strategies

• Process of Cost Reduction
• Strategies Used in Cost Reduction
• Type of supplier trait which will enhance cost reduction
• Activities which encourage supplier contribution to cost reduction
• Dynamic discounting
• Case study

Module 6 Supplier Performances Strategies

• The key principle of supplier leveraging strategies
• Supplier Perception of the Customer
• Surveillance strategies
• Supplier Quality management
• Strategies to maintain a positive relationship
• Expediting
• Line review
• Strategic Sourcing
• Ethical practices
• Case study