Supplier Management Workshop (Evaluation & Selection )

The company can spend more than two thirds of its revenue on buying goods and services which represents around 62% of whole company expenses. So the reduction of purchasing costs will effect on the profit significantly.  Whether the procurement processes doing from a local suppliers or running global supply chains, buying essential services and resources at the right price, particularly in today’s challenging economy, can make or break a business. This program helps you to save much of the money spent when purchasing goods and services from outside.

Day: 1

Supplier Selection

  1. Surveying and engaging the market
  2. Appraising suppliers
  3. Verifying pre-qualification information
  4. Weighted criteria of supplier selection
  5. Strategies of supplier pricing.
  6. Excel tools of supplier selection. (vendor performance matrix – RFI – Financial ratios – capacity assessment tool – vender prequalification forums)
  7. Case study

Day: 2

Supplier Evaluation

  1. Suppliers evaluation processes
  2. Performance Metrics
  3. Key Performance Indicators (KPI) For Procurement
  4. Tools of supplier evaluation.
  5. Case study

At program completion participants will be able to

  • Understand how to select the suppliers
  • How the supplier set his price
  • Explore potential suppliers and develop relationships to get the best offers
  • Evaluate the performance of suppliers during the procurement processes.
  • Use procurement excel forums professionally to select and evaluate the suppliers.
  • Seniors and heads of Procurement
  • Executives and Professionals who are involved in supply management.
  • Professionals seeking in- depth knowledge and understanding of the Procurement

 

  • Program Language: English / Arabic
  • Program Duration: 10 hours
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