Sands Procurement Academy Inaugurates Third Cohort of Local SME Suppliers



(Macao, June 7, 2018)Sands China Ltd. held an inauguration ceremony Thursday at The Venetian® Macao’s Adelson Advanced Education Centre for the third group of local SME suppliers to participate in the Sands Procurement Academy. The event was co-organised with the Macao Chamber of Commerce and the Macau Productivity and Technology Centre (CPTTM).

The Sands Procurement Academy is an initiative to develop suppliers by sharing business knowledge and skills, helping them gain experience and capacity for working with large-scale international customers like Sands China. The academy specifically targets four types of local SME suppliers: small- and medium-sized enterprises (SMEs), micro-enterprises, Macao young entrepreneurs, and “Made-in-Macao” enterprises.

Feedback from past participants has been very positive, as the programme is the first of its kind in the industry, and is focused on practical knowledge.

“Sands China is very pleased at the success of the Sands Procurement Academy, and we are glad to be welcoming our third set of local SME suppliers to this valuable programme,” said Dr. Wilfred Wong, president of Sands China Ltd. “Our company remains committed to the further growth and development of Macao’s local SME suppliers, and we look forward to continued positive results from this initiative.”

For the first time, this latest round of training has added an additional module on the eight disciplines (8D) continuous improvement workshop, led by a CPTTM lecturer, bringing the total number of courses to seven. A total of 27 suppliers were inaugurated into the programme Thursday, with companies able to send up to two representatives to attend the academy’s courses.

Approximately 60 local SME suppliers have already graduated from the Sands Procurement Academy; the new cohort of 27 will complete the programme in July.

The academy supports the third pillar of Sands China’s F.I.T. programme, which is comprised of Financial Support, Invitational Matching, and Training and Development. Part of Sands China’s Local Small, Medium and Micro Suppliers Support Programme, F.I.T. has the goal of further driving procurement between Sands China and local SME suppliers by enhancing their capabilities, targeted at both existing and new local Sands China suppliers.

The Sands Procurement Academy provides tailor-made practical training modules to local SMEs, facilitated by lecturers with various areas of expertise, and covering seven topics: effective warehouse operations, quality assurance, logistics management, procurement process and system overview, procurement contracts, supplier code of conduct, and 8D continuous improvement workshop. Graduating suppliers receive a certificate upon graduation and are given preferential procurement opportunities under otherwise equal circumstances.

Sands China’s Local Small, Medium and Micro Suppliers Support Programme is in line with the Macao government’s initiative to “buy local” and demonstrates Sands China’s commitment to supporting local enterprises as part of the company’s corporate social responsibility efforts. It is part of Sands China’s supplier relationship management strategy, which guides the company’s long-standing effort to support local suppliers, whom it views as its strategic partners.


Photo caption: Local Macao SME suppliers and representatives from Sands China Ltd. attend an inauguration ceremony Thursday at
the Adelson Advanced Education Center at The Venetian Macao for the third cohort of participants in the Sands Procurement Academy. 



Photo caption: For the first time, this latest round of Sands Procurement Academy training has added an additional module on the
eight disciplines (8D) continuous improvement workshop, led by a CPTTM lecturer, bringing the total number of courses to seven.

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About Sands China Ltd. 

Sands China Ltd. (HKEx: 1928, Sands China or the Company) is a Cayman Islands registered company and is listed on The Stock Exchange of Hong Kong Limited. Sands China is the largest operator of integrated resorts in Macao. The Company’s Cotai Strip portfolio is comprised of The Venetian® Macao, The Plaza® Macao, Sands® Cotai Central and The Parisian Macao. The Company also owns and operates Sands® Macao on the Macao peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at the Cotai Arena, The Venetian Theatre, The Parisian Theatre and the Sands Cotai Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS). 

For more information, please visit www.sandschinaltd.com.