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Conference: Managing Vendor Qualification, Performance & Contract Compliance


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CO8203

31 Mar - 4 Apr 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

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

31 Mar - 4 Apr 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5775 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
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