Fourth Group of Local SME Suppliers Inaugurated Into Sands Procurement Academy

Programme familiarises local SME suppliers with the procurement model of large international corporations like Sands China



(Macao, Oct. 22, 2018) – Sands China Ltd. inaugurated its latest cohort of local SME suppliers into the Sands Procurement Academy Thursday at The Venetian® Macao’s Adelson Advanced Education Centre. The event was co-organised with the Macao Chamber of Commerce and the Macau Productivity and Technology Centre (CPTTM).

The group is the fourth to enrol in the Sands Procurement Academy. The initiative helps develop local suppliers through the sharing of business knowledge and skills. Suppliers are then able to gain experience and capacity for working with large-scale international customers like Sands China. Four types of local SME suppliers are targeted by the academy: small- and medium-sized enterprises (SMEs), micro-enterprises, Macao young entrepreneurs, and “Made-in-Macao” enterprises.

The programme focuses on practical knowledge for SMEs, and is the first of its kind in the industry. Previous graduates of the programme have given very positive feedback.

Thursday’s event inaugurated 34 suppliers into the academy. That includes some suppliers that were referred to the programme by the Macao Chamber of Commerce. Companies are able to send up to two representatives to take the academy’s training modules.

More than 80 local SME suppliers have graduated from the academy to date. Thursday’s new cohort of 34 will complete their training modules in November.

The Sands Procurement Academy supports the third pillar of Sands China’s F.I.T. programme, which offers Financial Support, Invitational Matching, and Training and Development. Part of Sands China’s Local Small, Medium and Micro Suppliers Support Programme, F.I.T. aims to continually increase and strengthen procurement between Sands China and local SME suppliers. This is accomplished by enhancing suppliers’ capabilities, targeting both existing and new local Sands China suppliers.

The Sands Procurement Academy provides tailor-made practical training modules to local SMEs. Lecturers with various areas of expertise facilitate the modules, which cover seven topics: effective warehouse operations, quality assurance, logistics management, procurement process and system overview, procurement contracts, supplier code of conduct, and the eight disciplines (8D) model of problem solving. A CPTTM lecturer leads the 8D module.

Suppliers who complete the academy’s coursework 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: Sands China Ltd. inaugurates its latest cohort of local SME suppliers into the Sands Procurement Academy Thursday at The Venetian® Macao’s Adelson Advanced Education Centre. A total of 34 suppliers participated in the latest training programme.
 

###
 
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
.