BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:822@x8ti.com DTSTART;TZID=Europe/Madrid:20270208T090000 DTEND;TZID=Europe/Madrid:20270212T130000 DTSTAMP:20260224T091123Z URL:https://x8ti.com/event/supplier-relationship-management/ SUMMARY:Supplier Relationship Management DESCRIPTION:Course Overview\nEvery company invests significant time\, effor t and money in their supplier selection process. However\, all precautiona ry and evaluation steps are undertaken at the start of their relationship with suppliers.\n\nHow does one ensure that supplier performance evaluated at the start stays consistent through the relationship with the organisat ion? This gives rise to the need for supplier performance evaluation at re gular intervals through the relationship.\n\nCompanies have now realized t he need for some form of objective performance evaluation and are gatherin g data and determining key performance indicators to draw objective conclu sions regarding supplier performance\, enabling these organizations to tak e relevant action.\n\nVarious important characteristics are measured and t racked\, and feedback is delivered accordingly\, inciting efforts to impro ve and perform better. These metrics revolve around quality\, delivery tim e\, costs\, responsiveness\, etc.\n\nThis training course will provide you with the required understanding and knowledge of supplier selection and p erformance evaluation that will help you think objectively of measures to track and measure supplier performance and devise corrective action accord ingly.\n\nThis Supplier Relationship Management Course will equip you with the necessary skills and capabilities to devise and gather ratings and pe rformance metrics and the strategic mindset to define corrective action ac cordingly.\nCourse Objectives\nThe main objective of this Supplier Relatio nship Management Course is to empower professionals with—\n\n in-depth knowledge and understanding regarding ratings\, metrics and methods to eva luate supplier performance\n the required skill and understanding to defi ne objective metrics and measurements to act as indicators of supplier per formance\n the necessary understanding of advanced concepts and technique s to define\, track and correct supplier performance\n the ability to enh ance business performance through effective and favourable supplier relati onship management\n the ability to contribute to controlling risks and di stractions related to supplier relations and performance\n the experience and confidence to maintain good supplier relations and performance\, ensu ring the credibility of suppliers\, in turn contributing to an increase in organizational credibility leading to increased investments\n the necess ary skills and capabilities to check for gaps in processes of supplier per formance evaluation so as to identify issues earlier\, take corrective act ion in time and save costs for the organization\, increasing profits in th e bargain\n the ability to present to the organization a range of supplie rs in order of preference as per performance and credibility\, thereby ens uring continuity and sustainability of business operations\, leading to or ganizational growth and facilitating career progression\n\nTraining Method ology\nadopts a dual approach to training\, both theoretical and practical . The theory is delivered through lectures by experienced professionals fr om the relevant domain. Practical training is facilitated through role-pla ys\, group assignments and projects as well as detailed\, relevant case st udy discussions.\n\nExperiential learning is also encouraged to enhance th e relevance of the training content to real-life scenarios and problems be cause experiences of trainees are discussed in detail by the trainer.\nOrg anizational Benefits\nBy professionals undertaking this Supplier Relations hip Management Course\, organizations will derive the following benefits:\ n\n Better supplier selection and relationship management because of sugg estions from and management by trained and experienced professionals\n Co ntinuous\, regular checks on supplier performance with resultant correctiv e action to maintain their performance at desired levels\n Regular audits regarding adherence to standards and guidelines necessary for suppliers a nd other vendors\n Objective evaluation and conclusion of supplier perfor mance for effective and accurate decision making regarding contracts with suppliers\n Timely prevention of risks and challenges related to supplier non-performance and non-adherence\, thus leading to cost savings and incr eased profits\n Assurance of a continuous supply of materials and goods f or effective supply chain performance to ensure timely delivery of high-qu ality goods to customers\, thus resulting in extreme client satisfaction\n Fool-proof methods for tracking and tracing supplier performance and coo peration to ensure that the business is supported well by the supplier\, t hereby increasing the credibility of the organisation\, leading to greater investments and organizational growth and development\n\nPersonal Benefit s\nProfessionals enrolling for this Supplier Relationship Management Cours e will derive the following benefits:\n\n Detailed understanding of best practices for effective supplier selection as well as relationship and per formance management\n Increased understanding and skill to devise and wor k with objective measures and metrics to track supplier performance and de fine related corrective action\n Enhanced perspective and experience to u se available data to predict challenges and risks and define measures to p revent these from impacting relationships as well as operations in the sup ply chain\n Greater understanding and experience to work with advanced te chniques and measures for supplier performance management\, thereby demons trating skill and potential and inviting further opportunities of higher r oles and responsibilities for growth and development\n Increased skill an d understanding and greater ability to contribute to business performance and excellence through effective supplier relations and retention\, thereb y contributing to organizational growth and development\n Increased skill and confidence to train other professionals on managing supplier performa nce\n Increased ability to confirm supplier credibility\, thereby increas ing organizational credibility and\, ultimately\, leading to more investme nts\n Greater ability and experience to contribute to reduced costs and i ncreased profits for the organization\n Enhanced skill set and capabiliti es to ensure continuity in business and sustainability of operations\n\nWh o Should Attend?\n\n Suppliers and other vendors dealing with an organisa tion for any process\n Performance managers and supervisors dealing with suppliers and responsible for managing their performance regularly\n Seni or members of an organisation responsible for all key decisions within the organisation\n Quality checkers and compliance officers responsible for ensuring adherence to set standards and benchmarks\n Investors and other important shareholders who would like to know about the credibility of the organization through the management of its suppliers\n Operations manage rs and supervisors responsible for overseeing all operations related to th e supply chain\, particularly those processes dependent on suppliers\n An y other professional who would like to know more about the supplier perfor mance evaluation\n\nCourse Outline\nThe Supplier Relationship Management C ourse covers the following topics to thoroughly understand supplier perfor mance management:\nWays to Improve Supplier Performance\n\n Build scoreca rds around business goals\n Establish processes to evaluate the performan ce\n Communicate information to suppliers and take action\n Share inform ation internally\n\nBenefits of Supplier Performance Measurement\n\n Avoi d supply chain risks and disruptions\n Protect and improve brand reputati on\n Avoid costs and achieve savings\n Segment and rank vendors\n Colla borate with suppliers\n Improve internal processes\n\nSupplier Performanc e Metrics\n\n Quantity ordered vs received\n Assignment accuracy\n On-t ime delivery\n Ordered price vs invoiced\n Inspection fails vs total ite ms inspected\n Returns rate\n Order fill rate\n Lead-time variance\n\nS teps to Evaluate Supplier Performance\n\n Align performance goals\n Choo se evaluation approach\n Develop an information collection method\n Desi gn a robust assessment system\n Roll out the system\n Provide actionable feedback\n Showcase results\n\nQualities Indicative of Supplier Performa nce\n\n Good communication\n Competency\n Capacity\n Commitment\n Con trol\n Cost\n Consistency\n Culture\n Sustainability\n\nApproaches in Supplier Performance Evaluation\n\n Identification\n Criteria\n Quality \n Solutions\n Expert insight\n\nChallenges in Supplier Performance Eval uation\n\n Lack of uniform metrics\n Lack of transparency\n Different b usiness models\n Lack of cooperation from suppliers\n Biased/incorrect a udits\n\nTechniques for Supplier Performance Management\n\n Categorical s ystem\n Weighted point system\n Cost-based system\n The total cost of o wnership\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/12/Scre en-Shot-2024-12-03-at-2.37.51-PM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:http://online END:VEVENT BEGIN:VTIMEZONE TZID:Europe/Madrid X-LIC-LOCATION:Europe/Madrid BEGIN:STANDARD DTSTART:20261025T020000 TZOFFSETFROM:+0200 TZOFFSETTO:+0100 TZNAME:CET END:STANDARD END:VTIMEZONE END:VCALENDAR