Procurement Strategy and Contract Management Essentials

London Business Training and Consulting

Visit Website

This comprehensive course emphasizes the significance of effective procurement management and explores its impact on the success of an enterprise. It delves into the management of the procurement function itself, distinguishing between a purely administrative, internal service provider team and a strategically important function that contributes to shaping the overall success of the organization. The presence of a Chief Procurement Officer in the “C Suite,” working alongside peers from Finance, Operations, and Technology, signifies the key role procurement plays in delivering the corporate strategy. This course examines procurement at its most influential and value-adding stages.

Additionally, the course addresses three crucial areas of responsibility for contract managers. Firstly, it focuses on the vital task of managing contractor performance, which involves measuring performance against deliverables or key performance indicators (KPIs) to achieve the contract objectives. Secondly, it covers the complex aspects of contract negotiation and contract drafting, which are closely interconnected. Lastly, it explores the implications of situations where things go wrong, leading to claims for compensation, damages, early termination, and potential disputes.

To enhance participants’ understanding of real-world practices, the course includes site visits to organizations relevant to the course content.

The course concludes with a summary of the key learning points, followed by an action planning exercise to facilitate the immediate application of acquired knowledge and skills upon returning to work. Post-course support is also available for up to six (6) months to assist participants in implementing their action plans effectively.

Leave your comment