Supplier Appraisal, Evaluation and Selection
The purpose of this module is to provide participants with the information and knowledge to appraise suppliers and then monitor and improve the performance of suppliers. It is also intended to provide participants with the information and knowledge to review and develop existing supplier relationship and build and develop new supplier relationships. It may cover, but not be limited to, the following:
Supplier appraisal
- Methods of Supplier Appraisal
- How to select criteria to appraise suppliers?
- Evaluation of Appraisal results
- Appraisal Timing
- Benefits of Supplier Appraisal
- Using appraisal as strategic tool to build supplier capability
- Types of Appraisal – Technical, Financial, Commercial,
- Environmental and Ethical appraisal
- How Much Appraisal to do?
- Appraisal Process
- Evaluate the appropriate cost and benefit models for a wide variety of scenarios
- Evaluate and assess reports that have their origins in finance and accounting and relate them back to the business
- Compare the value and relevance of financial information in the context of the decision-making process for evaluation and selection of supplier and service providers
- Use the wide variety of finance and accounting terminology
- Propose financial management tools and techniques and be able to apply these in relation to the total procurement and supply chain process
- Evaluate the elements that make up a complex business case for a capital acquisition, including downstream maintenance, service provisions for the life of the acquisition, and disposal.
- Assess the non-financial factors that are interrelated with financial modeling and analysis, and predict their impact
- Setting key performance indicators
- Assessing supplier performance
- Supplier performance scorecard
- Stakeholders involved and their implications
