PROCUREMENT AND SUPPLIER CONTRACT MANAGEMENT
During uncertain and challenging times procurements supply chain role is critical to secure supplies and services. This online e-course will arm you with practical skills and knowledge that you can apply in all aspects of contract management. Reducing time costs and risk and increasing reputation confidence and integrity for you and your business.
You can complete the course in your own time, around work or family commitments. This course has been broken down in to 6 videos making the information user friendly and easy to digest, each video is approximately 25 - 45 minutes long.
Once you have finished the course, why not contact us to discuss the next steps in
developing your career at
Why this course is different?
We turn theory into practice. Using interactive exercises and case studies within an energised learning environment delegates will explore what exactly contract management is and how to use it within a business. You will learn the legal managers’ roles and responsibilities and how to manage relationships with suppliers and business stakeholders to get the best results for the business.
Why should you complete this course?
With business continuing to outsource its services at an increasing rate and increasing dependency on third parties the expertise in contract law and legislations have never been more critical.
With recent media exposure of contract failure costing millions of pounds in compensation and damages to both a business and an individual’s reputation, the cost from making mistakes in the contract process is exceptional.
Who should attend?
This e-course is for procurement, purchasing, buyers, contract managers or supply chain professionals. You will learn how to develop the techniques in your business ensuring high levels of confidence, integrity and success from all parties. our textbook is Contract Management Core Business Management by Peter Sammons MCIPS, which is available to buy on our website.
Key areas covered
Preparing outsourcing and engagement with third parties:
• Specifications and defining requirements
• Assessment criteria and incentives
• Non-disclosure Agreements (NDA) confidentiality
• Legal requirements and legislation in outsourcing
• Preparation for Fast Contracting
• Analysis of Cost and Price
Sourcing & supplier Selection Stages:
• Defining spend categories
• Supplier sourcing - Single or multiple source
• Total Cost of Ownership
• Sources of Law and creation of legal terms
• Key areas covered
• Contract Law and legal aspects
• International Law
• The 5 rights of Procurement
Managing the Supplier:
• Total contractor failure- bonds and guarantees
• Force majeure
• Major incidents – containing reputational damage
• This Contract course will provide a best practice standard approach for procurement teams to deliver on both business and procurement objectives
• This course will raise your procurement profile and your credibility as a recognised business leader and partner
• This course outcome develops a strategy that delivers your procurement vision
• Through our experienced trainers that have implemented procurement and Contract Management, we will transfer knowledge to you that builds value around each spend category
• This course maximises value beyond traditional price focus and looks beyond Contract Management. Including quality risk and assurance of supply chains.
• The Contract Management methodology ensures negotiation outcomes are better handled with more benefits through partnership
• The application of Procurement & Contract Management ensures you have a strategy to manage suppliers’ contracts and relationships
• Contract management will ensure selection and implementation of suppliers that meet your business needs with performance exceeding contractual commitments
• Contract management will address challenges and changes that impact on supply chains through internal and external analysis
Contract Award Stage:
• Key legal principles when creating contracts.
• Constructing contracts and service level agreements.
• Sources of express terms
• Model form contracts NEC3
• Legislation relating to contracts
• Core clauses liabilities and exclusions
• Offers and acceptance
• Letters of intent
• Sale of goods act
• Debriefing unsuccessful third parties
Contract Implementation management:
• Using contracts as effective tools
• Warranties and Performance guarantees
• Who has the risk and how to manage it
• Managing Performance against KPIs
Continuous Improvement Opportunities:
• Creating additional supplier value whilst reducing cost.
• Strategic partnering and Innovation
• Copyright, IPR, design right, patents, trademarks, Licences