[Webinar] Spending too much time prequalifying vendors?

Felix   |   February 15, 2021

This Felix webinar is a must for anyone looking to streamline the vendor prequalification process for their organisation.

Vendor prequalification is a crucial process in third-party risk management. Yet the non-standardised process from one company to another, or even within one organisation, can create huge inefficiencies for all parties involved.

Date: March 3rd, 2021

Time: 10am Brisbane time (11am Sydney time)

Register now

If you work in industries such as construction, mining, utilities, facilities management, subcontractors or non-employee workforce can account for as much as 50% of the labour costs in the supply chain, yet:
  • 90% rated visibility into their extended vendor network as moderate or very low*
  • There's an over-representation of labour hire workers in OHS incidents**
  • It can take weeks to build prequalification questions, months to evaluate vendor submissions, but only split seconds for an incident involving an unqualified vendor to happen

We need to do better than manual processes, Excel spreadsheets or even paper forms. We need to do better than making our vendors and suppliers jump through the same hoops multiple times.

Join us in this live webinar to learn how organisations can streamline the process while ensuring industry best practices with Vendor OptiqualTM

This webinar will cover:

  • Industry landscape and the identification of the problem 
  • What is PAS?
  • Introducing Vendor OptiqualTM 
  • Delivering the Vendor OptiqualTM solution to customers - what's involved?
  • Vendor OptiqualTM benefits 
  • Q&A from the audience

Register today to save your spot. 

optiqual email 

*Deloitte 2020 Chief Procurement Officer Flash Survey

** ACCR: Labour Hire & Contracting Across the ASX100

Felix
Felix operates a cloud-based enterprise Software as a Service (SaaS) and marketplace platform for the commercial construction and related industries. Felix connects Contractors and their third-party Vendors, automating and streamlining a range of critical procurement-related business processes.
Follow me:

Related Articles

Insider
5 steps to prequalifying subcontractors

Choosing subcontractors is an important decision which can directly effect the completion and profitability of your project. So how are you currently choosing your subcontractors?

Selecting the lowest bid or hiring a friend within the industry is a casual approach and can at times become a costly method. Prequalifying your subcontractors is a safe and educated selection process. By evaluating their financial state, safety procedures, reputation and more you have the ability to use facts to help lock in a quality subcontractor.

These five tips are a handy guide to analysing the businesses you're thinking of engaging.   

Insider
9 tips to an effective toolbox talk

Toolbox talks are an effective way of providing workers with relevant, site-specific safety information. It's an engaging meeting which, if delivered correctly, can make a real impact on the productivity and risk management on your work site.

Insider
Unlocking opportunities: Felix Vendor Marketplace connects vendors with a wider customer base

In the ever-evolving world of construction, finding the right projects and clients can be a challenging task for vendors or suppliers. However, Felix Vendor Marketplace – Australia's largest online construction marketplace – is revolutionising the way vendors connect with their target audience. 

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog. Join thousands of construction and mining pros getting the best content right in their inbox.
  • updates on Australia's pipeline of state and federal projects
  • fresh contract awards from major contractors and builders

If you're looking to contact us about other matters, please contact us.