LM0362 : Managing Suppliers and Contractors

 

This practical and highly-interactive course includes various practical sessions and exercises.  Theory learnt will be applied using our state-of-the-art simulators. 

This course is designed to provide participants with a detailed and up-to-date overview on managing suppliers and contractors. It covers the criteria for assessment of suppliers in compatible commodity, service groupings and in single sourcing or competitive tendering activities; ensuring that the criterion is fair and measurable; the local and international markets to the identification and selection of potential suppliers; the reliable supplier assessment; the company’s procedure for referrals to the central tenders committee and legal counsel; and assessing the clear criteria to the extent of supplier’s proposal. 

 

Further, the course will also discuss the best overall value for money by balancing quality, performance, delivery and risk; organizing and participating in visit within the supplier premises; assessing quality of product, effectiveness of procedures as well as evaluating track record and references; and making recommendation based on the observation and criteria. 

 

 

 

Moreover, the course will also cover the potential risk elements associated with the relationship and methods of minimizing potential risk; organizing and participating in pre-qualification exercise; ensuring sufficient expertise amongst the pre-qualification panel and team to judge the supplier’s proposal; providing constructive feedback to suppliers following the pre-qualification activity in a manner that promotes trust and respect and enables the supplier to identify improvements; identifying information and resource needs; and providing contractors and suppliers with appropriate information to enable them to perform effectively. 

 

During this interactive course, participants will learn to ensure data protection and confidentiality of sensitive information; maximize the contribution from contractors and suppliers of products and services; work with suppliers, contractors and other external bodies that will establish and develop appropriate relationships and achievement of effective performance to all parties; develop and communicate procurement management strategies including supplier evaluation techniques, selection criteria, ensuring fair and transparent selection process; and identify and select appropriate contractors and suppliers to meet business needs against the criteria.