How to Administer Vendor Assessments

Everyone in procurement or who is engaged with the selection of vendors needs to know how to mitigate risk when dealing with vendors. This program on vendor assessment will guide participants through the process of setting up a vendor responsibility review program.  Attendees will be given tools they can use to review vendors on various key risk factors. Besides drafting a vendor questionnaire, they will learn ways to evaluate and confirm the vendor information provided using a vendor assessment verification form. This program will provide guidance in establishing vendors that are responsible and responsive to the needs of the company or organization.     

AREA COVERED

• Administering Vendor Assessments                                                    
• What Vendor Information to Request                                                    
• Establishing Procedures                                                    
• Establishing Forms                                                      
• Where to find useful Assessment tools     

LEARNING OBJECTIVES

• Create a Vendor Assessment Program       
• Draft a Vendor Questionnaire                                                                   
• Draft a Vendor Review Checklist                                                                     
• Learn how to discover vendor issues                                                                     
• Learn how to handle issues revealed by the Assessment               
• Getting Management buy-in of the Assessment Program

WHO WILL BENEFIT?

• Purchasing Agents
• Buyers
• Contract Managers
• Contract Officers