Supplier Evaluation, Selection and Development

Course details

Global competition, JIT manufacturing and lean practice have escalated the challenges confronting the supply management which has evolved from purchasing and procurement to the current lean supply management used effectively by many MNCs. The world class supply management reflects ‘those supply activities performed for the continuous improvement of the design, development and management process of an organisation’s supply system’, which includes internal functions and external suppliers, in laying the foundation for a successful supply chain management.

Supply management has a strategic impact on the firm’s bottom line through affecting its total costs and sales, and return on investment. A world-class supply manager proactively drives the continuous improvement of the supply management with the long-term goal of enhancing the competitive capability of the firm and the firm’s supply chain. The course covers the approach, method and process of evaluating, selecting, qualifying, managing and developing suppliers in global sourcing development and management.

PROGRAMME OUTLINE

1. Transforming to Supply Management
2. Establishing purchasing strategies, policies and manuals
3. Supply base development
4. Supply market analysis
5. Supplier evaluation and selection process.
6. Supplier performance management
7. Spend management
8. Competitive bidding and negotiation.
9. Supplier development.
10. Supply Management Imperative