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AI in Procurement and Contract Management
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- AI in Procurement and Contract Management
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Artificial Intelligence is transforming procurement and contract management by automating routine tasks, enhancing data analysis, improving supplier selection, and increasing the speed and accuracy of decision-making. This 5-day course will equip procurement, legal, and contract professionals with the knowledge and tools to integrate AI into procurement strategies and contract lifecycles.
Participants will explore AI-driven sourcing, risk assessment, supplier performance analytics, automated contract review, and compliance monitoring. The course will balance foundational understanding with real-world applications of emerging AI technologies.
Course Objectives
By the end of this course, participants will be able to:
- Understand the impact of AI on modern procurement and contract functions
- Identify and assess AI tools that support strategic sourcing and supplier selection
- Use AI to improve contract creation, review, negotiation, and lifecycle management
- Enhance risk management, compliance, and supplier performance monitoring
- Apply ethical and governance principles in AI-based procurement decisions
Who Should Attend?
- Procurement Managers and Officers
- Contract Managers and Legal Professionals
- Supply Chain and Sourcing Professionals
- Procurement Transformation and Innovation Leads
- Risk and Compliance Specialists
- Public and Private Sector Buyers
Course Outline
- What is AI, and how is it used in procurement?
- Overview of procurement and contract lifecycle
- AI vs. traditional digital procurement Tools
- Key technologies: NLP, machine learning, robotic process automation
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Accreditations
CPD Standards
Helping to develop learning worldwide.
ISO 9001:2015
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Register 3 delegates on the same course and pay for 2 — save £4,300 on this course.
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What our delegates say
Thank you for the opportunity for having attended Advanced Skills of the Bid and Tender Management Process from London Training for Excellence. It was a good experience as I find myself with added knowledge so as to contribute I a more quality manner to my com…
The course is very adaptable to everyday work and contributes to developing CSR framework in our own organisation. Very practical and useful.
The training provided by LondonTFE are very inspirational and thought provoking. The outlines are comprehensive and the method of teaching is mostly practice-oriented. The LondonTFE staff always been able to balance the composition of participants, which contr…
