Vendor Management & Development
Introduction
Growing competition within the global economy has for many years been forcing enterprises to reduce their costs. However, traditional approaches have been limited to eliminating wastage within an enterprise. Another way has now opened up, through outsourcing. Cooperation with subcontractors can make them more efficient and thus enable goods to be purchased at lower prices.
The 1 day program on Vendor Management and Development will help you understand various strategies to be deployed to make purchasing a profit centre for the management through various processes:
Vendor selection & Management:
Take you through the various strategies on vendor selection and management.
Partnerships .To achieve a high level of supplier development, the partnership idea has to be fully accepted both by the subcontractors and by the procuring (or contracting) enterprises, and it is thus necessary for enterprises to operate in a climate of equity and mutual trust, with a knowledge of and respect for each other’s rights and obligations.
Vendor development:is a broad concept aimed at strengthening the performance of subcontracting firms not only by enabling them to acquire the skills and capacities required of them by the main contracting (or client) enterprise but also by raising their awareness and assisting them in reducing their costs.
The program will help you define the necessary assistance to be provided to subcontracting firms in regard to cost control, pricing policy, technological improvements, quality management, certification, Internal enterprise organization, logistics and the environment.
The program will help you analyze the supplier’s problems and the solutions to be adopted. It will help you develop cooperative relations with the suppliers which in turn will help you reduce your cost of procurement , reduce inventory levels , reduce overall cycle time , improve quality ,cut down wastes & redundant operations , implement better processes , essential for sustainable development and for achieving mutual benefits and forge “win-win” relationships.
Develop an enterprise culture centered on supplier’s accountability for quality and timely delivery
Programme Content
• Vendor Assessment / Selection
• Partnering
• Vendor Rationalization
• Alternate Source development
• Single v/s Multiple Vendors
• Local , National , International Vendor
• Standardized costing practices
• Vendor credit & payment terms
• Vendor Development - Value drivers
• Quality Performance
• Defect Management / Quality Initiatives
o ISO9000
o CAPA
o Six Sigma
• Lean Manufacturing
• Supply chain optimization
• Volume consolidation
• Delivery Performance
• Vendor meet
• Vendor reward scheme
• Third Party logistics
• Vendor satisfaction survey
Faculty
Mr. H. K. Varma
Ex-DGM (Materials) Larsen & Toubro EBG-ESP . He has been actively associated in Production & Materials function for last 20 yrs. He has been involved in the Lean journey undertaken by L&T EBG since Year 2002.
Mr Varma has conducted various training programs on Toyota Production System & Material Management across various SBUs in L&T for their executives & managers besides In-company training programs for different corporates.
He is also a visiting faculty in MBA Institutes like Welingkars , Symbiosis Institute of Opr management & Institute of Technology and Management Mumbai.
After completing Production Engineering from VJTI Mumbai he served in different Engineering organizations ( CP Tools , Voltas , L&T) and has varied experience in Work study , Organization & Methods , Value Engineering , Material procurement , Strategic Sourcing besides in depth involvement in successful implementation of Lean Manufacturing principles , Kanban , 5S principles in MMI control.
Timings
9:30 am - 5:30 pm , Registration begins at 9:00 amHow to Register
• Fees: Rs. 7,500/- +10.3 % service tax per person
• Please write to register@princetonacademy.in / Call -022 66976892
• Mention the name of participant, company, contact details .
• Cheque favouring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
• Fees includes lunch, tea, course material etc.
Register for Seminar
Online Registration form
Contact us
Registered Office Address
Princeton Academy
502 Shalimar Morya Park,Link Road,Andheri [W], Mumbai - 400053. INDIA
Tel: +91 22 66976892 | Fax: 022 26733060
Email: register@princetonacademy.in
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