BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:247@x8ti.com DTSTART;TZID=Asia/Kuala_Lumpur:20260601T090000 DTEND;TZID=Asia/Kuala_Lumpur:20260605T130000 DTSTAMP:20260227T075959Z URL:https://x8ti.com/event/vendor-qualification-performance-and-contract-m anagement-3/ SUMMARY:Vendor Qualification\, Performance\, and Contract Management DESCRIPTION:Course Overview\nVendor management is the process that enables a company to take necessary steps to identify key suppliers/vendors to wor k with. These individuals manage their performance and control costs. This process will help reduce potential vendor-associated risks\, ensure outst anding service delivery\, and get long-term value from suppliers.\nWhy is vendor qualification important?\nSuppliers and vendors play an important p art in the success of a business. Hence\, it is critical for the company ’s smooth operation and profitability to have a formalized system in pla ce to track and assess supplier performance. Most successful organizations today\, have developed their relationship with suppliers and vendors. In a Partnership\, they can grow at a rapid pace. As a result\, the selection methods and criteria used in “Partnering” with suppliers\, has become of critical value.\nWhat is the vendor management process?\nThere are pro curement decisions made for acquiring components\, raw materials\, manufac turing\, and testing equipment\, and even consulting services. These decis ions should be well-informed and documented via a vendor certification pro cess. Poor purchasing decisions can result in problems that affect product quality\, regulatory compliance\, company earnings\, and even the company ’s reputation. This entails the vendor management process.\n\nNow\, have you spent hours\, days\, or weeks vetting vendors who you know can’t or won’t satisfy your criteria?\n\nHave you encountered internal Correctiv e and Preventive Actions (CAPAs) as a result of your vendor certification and auditing procedures? Have you ever considered whether or not an onsite vendor audit is required? This Zoe training course has the answers to the se and many other questions.\n\nThis course will teach you how to create a sustainable vendor qualification framework. You will be able to build an effective vendor management system. The modules will take the participants through a systematic approach to learning. We will demonstrate the best m ethods to improve vendor performance and ensure contract compliance\, as w ell as\, provide strategic and tactical insights.\nCourse Objectives \nPa rticipants in this training course will be empowered to:\n\n Develop a fr amework and structure to develop a sustainable vendor qualification progra m\n Choose the best potential supplier/vendor\, and how to avoid common p itfalls\n Be able to create checklists\, supplier assessments questionnai res &\; scorecards\n Create meaningful performance metrics and objecti vely measure supplier performance\n Utilize tools to engage with supplier s to establish a meaningful working relationship\n Learn how to use the p erformance results for continuous improvement\n Learn best practices and broaden your knowledge of a variety of sourcing strategies\n Improve your knowledge of contract relationship management\n Gain confidence in handl ing contract-related disputes\n Learning methods to identify and manage p erformance failures\n\nTraining Methodology \nThis collaborative Vendor Q ualification\, Performance\, and Contract Management Course will comprise the following training methods:\n\n Lectures\n Seminars &\; Presentat ions\n Group Discussions\n Assignments\n Case Studies &\; Functional Exercises\n\nThe Vendor Qualification\, Performance\, and Contract Manage ment Course follows the ‘Do-Review-Learn-Apply’ model\, that is design ed and employed exclusively \nOrganizational Benefits\nA vendor qualifica tion and performance management system in an organization can bring many\, amongst the following benefits:\n\n Better selection of vendors\, result ing in efficiency and cost savings\n An efficient vendor performance mana gement system\, which will enable effective and timely procurement-related decisions\n Better contract management enables better decision-making ca pabilities and saves valuable time.\n Optimization of inventory levels th rough effective contract management\n Improved performance management thr ough an integrated view of the performance of all the vendors which can hi ghlight underperforming vendors\, allowing to management vendors proactive ly\n Improved supplier relations leading to better procurement terms in t erms of costing\, quality\, and delivery\n A greater value that can resul t through long-term savings\, as well as\, improved earnings\n\nPersonal B enefits\nProfessionals undertaking this course will benefit from:\n\n Det ailed understanding and knowledge of all aspects of vendor qualification\, performance\, and contract management\n Tools and techniques to choose t he right vendor for the applicable sourcing strategy\n Skills and underst anding to effectively manage vendor performance\n Skills and understandin g to effectively manage vendor contracts\n An understanding of the critic ality of a supplier/vendor relationship\n Effective decision making and s trategic skills to analyze data\, and to make the most effective\, best-su ited decisions\n Enhanced foresight to effectively assess risks so that s uppliers don’t negatively impact the organization\n Increased knowledge and awareness on industrial best practices\n\nWho Should Attend?\nThis ve ndor qualification\, performance\, and contract management course are desi gned for:\n\n Senior management and supply chain managers who could benef it from the vendor qualification\, vendor performance\, and contract manag ement knowledge\n Sourcing\, procurement\, contracts\, and project person nel who are responsible for selecting\, onboarding suppliers\, and managin g suppliers\n Manufacturing\, design\, and quality engineers\, who could be involved in the selection of Vendors\, as well as\, the improvement of vendor/supplier performance\n Quality Managers who are responsible for im proving purchasing and supplier controls\n Regulatory and compliance prof essionals in-charge of approval of suppliers\, components\, raw materials\ , and services\n Anyone\, including the document control specialists\, wh o would want to understand the supplier qualification process\, supplier p erformance\n Anyone looking to gain successful outcomes from contractual agreements\n\nCourse Outline\nVendor Management Overview\n\n Supply chain vision/mission\n Supplier lifecycle management\n Organization supplier strategy\n Deployment of strategy and expectations\n\nVendor Pre-Qualific ation\n\n Distinguish between supplier and vendor\n Establishing the goa ls and objectives of sourcing\n Product/service requirements definition\n Supplier selection planning\n End-user involvement in supplier manageme nt\n Compiling supplier selection criteria\n Supplier segmentation\n\nSu pplier Evaluation &\; Selection \n\n Vendor/supplier pre-qualificatio n questionnaire\n Supplier evaluation\n Checklists\, scorecards\n Quali ty management systems\n Performing a supplier assessment\n Iso certifica tion/certification of suppliers\n Setting acceptance criteria\n Developi ng an approved supplier list\n\nSupplier Due diligence\n\n What is suppli er due diligence\n Why is it necessary\n Supplier due to diligence frame work\n Steps ensuring supply chain compliance\n\nRelationship Management\ n\n Supplier onboarding\n Communication\n Leadership and collaboration\ n\nSupplier Performance Management System\n\n The setting of objectives t hat are aligned with the goals of the company\n Designing a performance m easurement system\n Developing a supplier performance system\n Supplier performance management and metrics\n Balanced scorecards\n\nSupplier Perf ormance Monitoring and Improvement\n\n Rating the individual supplier\n Ranking your suppliers\n Disseminating the results\n Rewarding good beha vior\n Supplier recognition\n Assess nonconforming product/process/servi ce\n\nDealer Audit / Quality Management\n\n Preparing a detailed Supplier Audit Program\n Audit team selection\n Prepare a checklist\n Audit\n Reporting\n Follow-up &\; Review\n Code of Ethics\n Compliance\n Co nfidentiality\n\nSupplier Risk management \n\n Principles of risk manage ment\n Types of supplier risks\n Supplier risk assessment process\n Fre quency of supplier audits\n Defining risk in the audit program\n Complia nce risk assessment\n Steps to mapping risk profiles\n\nSupply Breach of Contractual Agreement or Terms\n\n What is a breach of contract?\n Types of breaches\n Different remedies available\n Determining the quantum of damages\n Liquidated damages\n Equitable damages\n Court injunction\n\ nProblem-solving and resolution Overview\n\n Supplier Corrective and Prev entive Action (CAPA)\n Lean Six Sigma principles\n Root cause analysis\, 5 Why analysis\n Prioritizing the root causes\n Improvement Plans\n Co ntrol Plans\n\n \n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre en-Shot-2024-09-10-at-1.08.46-PM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:Kuala Lumpur Training Courses\, Banyan Tree Kuala Lumpur\, Kuala L umpur\, Malaysia\, Malaysia X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Banyan Tree Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia;X-APPLE-RADIUS=100;X-TITLE=Kuala Lumpur Training Courses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Kuala_Lumpur X-LIC-LOCATION:Asia/Kuala_Lumpur BEGIN:STANDARD DTSTART:20250601T090000 TZOFFSETFROM:+0800 TZOFFSETTO:+0800 TZNAME:+08 END:STANDARD END:VTIMEZONE END:VCALENDAR