Vendor Management

Key Takeaways :

• The program takes you through various scientific methods (IBM & Bell) of Vendor Rating & Capability Assessment in order to develop a healthy Vendor base which will help you reduce your working capital and lead time of your products
• To achieve the survival mantra of cost quality and speed , more and more organizations are adopting the Vendor Quality Management Strategies to remain competitive and remain market leaders.
• Helps you evaluate the SC flexibility to meet fluctuations in customers demand on increased volumes and advancing time lines.
• Develop an enterprise culture centered on supplier’s accountability for quality and timely delivery

Course Content

• Vendor Management/Development
• Vendor Rationalization
• Various models on Vendor Rating & Assessment
• Vendor Selection Cos t of Quality
• Vendor accountability on Quality of their supplies
• Build Vendor Quality Systems
• Alternate Source development
• Renegotiate Contracts
• Vendor Development – Value drivers
• Vendor accountability to Quality
• Quality Performance
• VOC / VOP
• Process capability
• Vendor flexibility
• Delivery Performance
• Key Performance Indicators (KPIs) of all related processes and actions to Accelerate Operational Excellence
• Vendor meet
• Vendor reward scheme
• Vendor satisfaction survey