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Evaluating Suppliers
The right supplier is not selected on price alone. Clarify your criteria, organise sourcing and assess partners' capabilities against your needs. Develop a selection and evaluation method to make your purchasing decisions more robust.
- Duration
- 3 days 21 hours
- Code
- SUPC012FR Code
Presentation
A procurement director at a major international company once said: “If my supplier performs well on price, quality and delivery time, I have no reason to change. But I must be able to measure that performance objectively.” This course gives participants the means to evaluate their suppliers objectively and build an optimised supplier panel.
Objectives
- Manage the supplier panel effectively.
- Establish and objectively measure supplier performance.
- Analyse performance and implement corrective measures.
- Optimise your supplier panel.
Program
SUPPLIER EVALUATION
1 – Finding, targeting and shortlisting potential new suppliers
- Identifying essential information sources.
- Characterising sources through market research.
- Prospecting effectively:
- Methods.
- Websites.
- The most relevant service providers.
- Targeting effectively using key criteria.
- Developing suitable standard questionnaires.
- Creating a shortlist.
2 – Upstream supplier evaluation: analysing supplier risks and opportunities
- Working with the Quality department.
- Assessing the supplier's quality level:
- Qualification.
- Certification.
- Approval.
- Checking and validating a supplier's technical and organisational performance:
- On-site audit.
- Using economic and financial analyses:
- Ratios.
- Scoring methods.
- Cost breakdowns.
3 – On-site audit techniques
- What behaviours should you adopt?
- Conclusions.
- The closing meeting: immediate feedback.
- Communicating final results.
4 – Downstream supplier evaluation: monitoring performance
- Monitoring supplier performance.
- Periodic evaluations.
- Monitoring supplier service levels.
- Action plans.
- Monitoring actions.
Audience
Procurement managers and buyers.
Prerequisites
Knowledge of supplier shortlisting and selection is required.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
- Quiz / multiple-choice questions
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.