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