SYNOPSIS

Vendor management (VM) has become an integral part of the engineering industry. It is becoming more important than ever for clients to consider how they extract maximum value from subcontracting or “outsourcing” arrangement, particularly in the context of multi-parties environments. Subcontracting or Outsourcing provides opportunities to leverage external expertise and scale to provide quality services at reduced cost enabling internal resources to be more focused on organization specific activities, appropriate to their knowledge and skill. However, without effective Vendor Relationship Management, organizations are at risk of services not delivering what the business requires and at a premium cost to the business.

Regardless of what business you're in, vendors play a key role in the success of your business. Agile vendor management practices that build a mutually strong relationship with your vendors; will strengthen your company's overall performance in the marketplace. In Agile project management, the project management is more of a facilitator and their role it to ensure that the collaboration between the business and solution provider (in our case vendors and subcontractors) are effective. Ignoring Agile vendor management principles will result in a dysfunctional relationship that will have the potential to negatively impact your business in current fast paced and schedule driven projects.

This two day course is designed to help you develop skills that will enhance your vendors and subcontractors delivery to your project and reaching out to them effectively.  This course will intersperse with Agile approach, whereby engineers will act as facilitator and to ensure that the collaboration between the business (in our case project) and the vendors & subcontractors is effective.

As a great deal of class time will be spent in a variety of interactive formats, active participation is essential.


BIODATA

Ir. Danaraj Chandrasegaran P.Eng MIEM CEng MIMechE. He is a Chartered Engineer and has honours degree in Mechanical Engineering from University of Technology Malaysia. He also holds a MEng degree in Mechanical Engineering from University of Malaya. He also presently a committee member with The Institution of Engineers Malaysia and Institution of Mechanical Engineers (UK) Malaysia Chapter.

Since starting his career as a Mechanical Engineer, Ir. Danaraj has had a varied service; both in front line project execution as well as in technical, training, and management functions. His career has a diverse outlook on project execution ranging from building construction, marine, mining and energy industry; as a mechanical engineer. He has worked on several large scale projects worldwide such as Shell Malikai TLP and Barzan Offshore Project. In addition, had delivered many projects successfully collaborating with vendors and subcontractors alike.


LEARNING OUTCOMES

At the end of the course participants will:
• Acquire better vendor management practices
• Able to lead successful vendor selection process
• Learn tools that will help you manage your vendors (& subcontractors) effectively.
• Managing relationship dynamics between your vendors and organization
• Developing governance framework for vendors’ progress and performances