Advanced Procurement and Contract Management

Details

This comprehensive course covers the advanced concepts and practices of procurement and contract management, including procurement strategy development, supplier selection and evaluation, contract negotiation, and contract administration. Participants will gain an in-depth understanding of how to apply advanced procurement and contract management techniques to optimize value, reduce risks, and ensure compliance. The course also explores the integration of technology and tools for procurement process improvement and the implementation of sustainable and ethical procurement practices.

Target Group

This course is designed for professionals involved in procurement, contract management, supply chain management, or operations, such as procurement officers, contract managers, purchasing agents, and supply chain analysts. It is also beneficial for individuals seeking to enhance their advanced skills and knowledge in procurement and contract management.

Goals

• Understand advanced principles and best practices of procurement and contract management.
• Apply advanced procurement and contract management techniques to optimize value, reduce risks, and ensure compliance.
• Develop and implement effective procurement strategies and processes.
• Successfully negotiate and administer contracts for goods and services.
• Integrate technology and tools for procurement process improvement and adopt sustainable and ethical procurement practices.

Target Competencies

• Advanced Procurement Principles and Best Practices
• Supplier Selection and Evaluation
• Contract Negotiation and Administration
• Risk Management
• Compliance and Legal Aspects
• Procurement Strategy Development
• Cost and Value Analysis
• Vendor Relationship Management
• Procurement Process Improvement
• Sustainable and Ethical Procurement

Outlines

Advanced Procurement and Contract Management Principles

• Understanding advanced procurement and contract management principles and best practices
• The role of procurement and contract management in supply chain management
• Key stakeholders and their roles in procurement and contract management
• The procurement process: from needs assessment to contract award

Supplier Selection and Evaluation

• Developing effective supplier selection criteria
• Request for Proposal (RFP) and Request for Quotation (RFQ) processes
• Evaluating supplier proposals and conducting supplier due diligence
• Negotiating contracts and managing supplier relationships
• Performance measurement and supplier evaluation