Supplier Qualification, Performance & Contract Compliance | Trajlon Group

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Managing Supplier Qualification, Performance & Contract Compliance

Course Type

Short Course

Category

Procurement

Duration

5 Days

Ratings

Training Objectives

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Course Overview

This course equips procurement, supply chain, and contract management professionals with the essential tools and methodologies to effectively evaluate, onboard, monitor, and manage suppliers to ensure high performance and compliance with contractual obligations.

Emphasizing risk mitigation, value delivery, and continuous improvement, the training focuses on strategic supplier management practices that align with organizational goals and regulatory standards.

Through interactive sessions, and practical tools, participants will gain the ability to create structured qualification frameworks, implement performance scorecards, and enforce contract terms to build a resilient and responsible supply base.

Target Audience

Procurement Professionals Contract Managers Vendor Managers Supply Chain Specialists Finance Professionals Legal Counsel Anyone involved in the vendor lifecycle

Course Outline

The Importance of Effective Vendor Management The Vendor Lifecycle: Qualification, Selection, Contracting, Performance Management, Termination Aligning Vendor Management with Organizational Goals Benefits of a Robust Vendor Management Program (Cost Savings, Risk Mitigation, Innovation) Key Stakeholders in the Vendor Management Process Legal and Ethical Considerations in Vendor Relationships

Defining Vendor Qualification Criteria (Financial Stability, Experience, Expertise, Capacity, Compliance, Sustainability) Utilizing Pre-Qualification Questionnaires (PQQs) and Requests for Information (RFIs) Evaluating Vendor Certifications and Standards Site Visits and Audits for Vendor Qualification Establishing Approved Vendor Lists

Defining Clear and Measurable Performance Expectations Identifying Relevant Key Performance Indicators (KPIs) for Different Vendor Types Establishing Service Level Agreements (SLAs) and Performance Metrics Linking Performance Expectations to Contractual Obligations

Developing Frameworks for Monitoring Vendor Performance Utilizing Data and Analytics for Performance Tracking Regular Performance Reviews and Feedback Mechanisms Score carding and Performance Reporting Managing Vendor Performance Improvement Plans

The Importance of Contract Compliance for Both Parties Key Elements of Contract Compliance (Terms, Conditions, Obligations, SLAs) Identifying Potential Areas of Non-Compliance Understanding the Legal and Financial Implications of Non-Compliance Roles and Responsibilities in Ensuring Contract Compliance

Establishing Clear Communication Channels Regarding Contractual Obligations Monitoring Deliverables and Milestones Against Contract Terms Tracking Payment Terms and Invoicing Accuracy Managing Changes and Amendments to Contracts Implementing Performance-Based Contracting

Building Strong and Collaborative Vendor Relationships Managing Conflicts and Resolving Issues Effectively Fostering Open and Transparent Communication Developing Strategic Vendor Partnerships

Identifying and Assessing Different Types of Vendor Risks (Financial, Operational, Reputational, Compliance) Incorporating Risk Mitigation Strategies into Vendor Management Processes Understanding Contractual Remedies for Non-Performance and Non-Compliance (Penalties, Termination Clauses) Developing Contingency Plans for Vendor Failure Managing Vendor Insurance and Liability

Overview of Vendor Management Systems (VMS) and Enterprise Resource Planning (ERP) Modules Utilizing Contract Lifecycle Management (CLM) Software Data Analytics and Reporting Tools for Vendor Performance Evaluating and Selecting Appropriate Vendor Management Technologies

Upon completion of this course, participants will be able to:

Develop and implement effective supplier qualification strategies and processes Establish clear performance expectations and key performance indicators (KPIs) for vendors Develop and implement strategies for ensuring vendor contract compliance Manage vendor relationships effectively, including communication and issue resolution Understand legal and ethical considerations in vendor management

Download Brochure!

Download this comprehensive brochure to explore the course overview, discover the key skills and knowledge you will gain, and review the detailed course outline – all conveniently accessible offline. Feel free to share this informative resource with colleagues and others who may benefit from this learning opportunity.

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Duration:5 Days
Modules:9
Traininglive classes
Group discount:Yes
Language:English

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