TRAINING COURSES

Managing Suppliers & Contractors for Performance

Start Date: 9 Feb 2025
End Date: 13 Feb 2025
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Petroleum and Oil Programs
Details:

Description

Today's highly competitive business landscape, effective supplier and contractor management is vital for organizations seeking sustainable success. This comprehensive two-day training program is designed to equip participants with the knowledge, skills, and best practices required to optimize supplier and contractor relationships, drive cost efficiencies, and ensure successful project execution.

this training course will delve into advanced concepts and strategies that go beyond the basics of supplier and contractor management. Participants will gain valuable insights into streamlining procurement processes, mitigating risks, enhancing collaboration, and maximizing the value derived from supplier and contractor engagements.

Whether you are a procurement professional, a project manager, or a business leader, this training course will provide you with the tools and techniques needed to take your supplier and contractor management practices to the next level

 


Program Objectives:

By the end of this course, participants will be able to:

  • Learn how to plan for contractors’ performance evaluation
  • Identify non- compliance to contract or agreement terms and obligations and proper corrective actions to be taken
  • Identify risks pertaining contract execution and situations requiring contract termination
  • Negotiate amendments to contracts terms based on changes on business objectives
  • Manage supplier performance and deal with issues or the need for improvement
  • Develop joint working approaches for strategic relationships to collaborate on key initiatives
  • Conduct a supplier review meeting
  • Identify non-compliance to contract or agreement terms and obligations and proper corrective actions to be taken.

 Program Outline:

Day1

 

Introduction to Supplier & Contractors Management

  • Understanding the importance of supplier and contractors management in achieving business objectives.
  • Exploring the challenges and opportunities in supplier management.

Fundamentals of Contract Execution

  • The importance of effective contract execution
  • Roles and responsibilities of contract managers during execution
  • Contract administration best practices
  • Managing changes and variations to contracts

 

Day2

 

Contractor /Supplier performance evaluation

  • Planning
  • Methods
  • The Categorical Method
  • Categorical Plan
  • The Weighted Point Method
  • The Cost-Ratio Method
  • Cost Ratio Plan
  • Quality Cost Ratio
  • Critical Incident Method
  • Checklist System

Day3

 

 

The completion Stage of contract performance

  • Preparing for future Business
  • Keeping sound Audit records
  • A case study in final invoicing
  • Avoiding overpayment

 

Performance reports

  • Example of performance report

 

Settlement claims and loss Contracts

  • Avoiding total cost method in Claims
  • Analyzing loss Contracts
  • Loss Contracts from the seller side

 

Day4

Contract execution risks and situations requiring contract termination

  • Risk Assessments and Method Statements
  • worksite Hazard Management

 

Contract Risk Analysis & Management.?

  • Pre-Contract Risk,
  • Financial Risk,
  • Technical Risk.?
  • Risk Related Terms & Conditions,
  • Minimizing & Transferring Risks.

 

Understanding the Basics of Contract Termination

  • Termination concepts (and misconceptions)
  • Buyers termination clauses
  • Settling the termination claim

Day5

Continuous Improvement and Value Optimization

  • Identifying improvement opportunities in supplier and contractor management
  • Implementing continuous improvement initiatives
  • Measuring the impact of improvement efforts
  • Leveraging supplier and contractor expertise for innovation

Contract Amendments and Modifications

  • Understanding the process of contract amendments and modifications
  • Handling changes in scope, deliverables, or timelines
  • Contractual implications of amendments and modifications

 


 
Mailing List
Send To Friend
Training Plan
Certificates