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Conference: Managing Vendor Qualification, Performance & Contract Compliance


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CO8203

1 - 5 Jun 2025

Istanbul (Turkey)

Hotel : DoubleTree by Hilton Istanbul Esentepe

Cost : 5775 € Euro

Introduction

Are we using the right procurement strategies? Late deliveries, budget overruns, and subpar performance often stem from flawed vendor selection processes. This seminar introduces a systems approach to vendor qualification, performance enhancement, and contract compliance. Participants will learn to broaden supplier options, select top-performing vendors, measure performance objectively, and ensure suppliers meet expectations. Drive procurement excellence with strategic and tactical insights.

Objectives

  • Benefit from learning from a seasoned practitioner

  • Hearing the practices and experiences of others

  • Cover the vital steps in a proper supplier evaluation

  • Matching customer requirement with the correct supplier segmentation

  • Develop meaningful performance measures

  • Learn how to use those performance results for continuous improvement

Methodology

Participants will increase their competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, individual and team exercises, and group discussions covering the many topics presented in the conference.

Organizational Impact 

  • Your suppliers will be able to deliver on time

  • Higher customer satisfaction

  • Reduced friction cost

  • Less inventory

  • Reduced total cost

Personal Impact

  • Increased job satisfaction

  • Reduced stress levels

  • Improved customer relations

  • Less time spent in meetings and more productive hours on the job

Outlines

Day 1: Vendor Qualification: Compiling an Approved Supplier List

  • Determining the goals and objectives of Procurement

  • Formulating a proper Procurement strategy

  • Involving the end-user in determining the required technologies

  • Developing an approved supplier list based on the required technologies

  • Compiling supplier selection criteria

  • Forming commodity teams to evaluate and provide supply solutions

Day 2: Supplier Assessment

  • Supplier initial questionnaire

  • Detailed supplier investigation

  • Quality management systems

  • Performing a supplier assessment

  • Process capability studies

  • Certification of suppliers

  • ISO Certification

  • Setting acceptance criteria

  • Engaging the supplier during the tender process

Day 3: Supplier Performance - What to Measure?

  • Carrot or stick?

  • The setting of objects that is aligned with the goals of the company

  • Characteristics of a good performance measurement system

  • Developing a supplier performance system

  • Sources of data

  • Common mistakes in data recording

  • Implementing the system

Day 4: Supplier Performance – Interpreting the results

  • Rating the individual supplier

  • Ranking your suppliers

  • Disseminating the results: what to do and what not to do

  • Rewarding good behavior

  • Supplier recognition

  • Punishing bad behavior

  • Corrective Action Procedures

Day 5: Remedies for breach of contract

  • What constitutes a breach?

  • The different types of breaches

  • The different remedies available

  • Determining the quantum of damages

  • Liquidated damages

  • Equitable damages

  • Court injunction

Determining the final outcome

  • Project close-out report

    • Time

    • Performance/Quality

    • Cost

  • Lessons learned

Conferences

Conference: Managing Vendor Qualification, Performance & Contract Compliance


Register Now
Quick Inquiry
Discount Group Download Brochure (40)

CO8203

1 - 5 Jun 2025

Istanbul (Turkey) - DoubleTree by Hilton Istanbul Esentepe

Hotel : DoubleTree by Hilton Istanbul Esentepe

Cost: 5775 € Euro


  About Istanbul

Few places compare to the vibrant, cosmopolitan city of Istanbul, whose enormous size straddles both Europe and Asia, forming a bridge between western and eastern cultures. Resting upon the natural harbor of the Golden Horn, the skyline of the once-Constantinople is pierced with minarets and ancient monuments that embody centuries of history. While it is brimming with historical landmarks and colorful markets, modern Istanbul is also well represented through its contemporary art scene, European-style café culture, world-class dining venues.


  Things to do and places to visit in Istanbul

Istanbul is teeming with attractions and landmarks from historic sights and unique cuisine to lively markets and unmistakable culture. It is a thriving city, with a myriad of things to do that skillfully manage to blend every aspect of both the contemporary and the historical world.

On a city break in Istanbul be sure to:

  • Visit a hammam, a traditional Turkish bath, whose origins date back to Roman times.
  • Marvel at the Hagia Sophia, Süleymaniye Mosque and Blue Mosque, Istanbul's most spectacular monuments that dominate the skyline.
  • Explore the Topkapi Palace Museum, one of Istanbul's most visited museums, home to over 80,000 artifacts.
  • Walk through the Basilica Cistern, an underground marvel built in the 4th century.
  • Be dazzled by the Grand Bazaar, one of the world's oldest and largest covered markets.
  • Go shopping for exotic products and Turkish delights in the Spice Bazaar.
  • Cross the bridge connecting Europe and Asia against the backdrop of the Bosphorus, or take a Bosphorus cruise.
  • Taste the diversity and flavor of Turkish cuisine.
  • Admire panoramas of the city from the Galata Tower.
  • Walk through Taksim Square, the city's dynamic square that never sleeps.
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