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Procurement and Contract Management Essentials

  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Course Overview

Londontfe’s advanced training course in Procurement and Contract Management is designed to provide participants with a comprehensive understanding of procurement processes, contract negotiation techniques, and risk management strategies. The course will cover key topics such as supplier selection, contract formulation, performance management, and regulatory compliance, aiming to equip participants with the skills necessary to effectively manage procurement and contractual relationships in a variety of industries.

Objective:

Upon completion of this course, participants will be able to:

  • Understand the strategic role of procurement and contract management in an organization.
  • Apply best practices in supplier selection, evaluation, and management.
  • Develop and negotiate contracts that optimize value and minimize risk.
  • Implement effective contract performance management techniques.
  • Navigate procurement and contract management regulatory and compliance requirements.
  • Identify and mitigate risks in procurement and contract management processes.
  • Utilize effective communication and negotiation skills in supplier and stakeholder relationships.
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Course Outline

Day 1:Procurement Strategy and Supplier Selection

  • Introduction to procurement and its strategic role in organizations
  • Supplier selection process and criteria
  • Supplier evaluation and performance management
  • Industry-specific procurement considerations and best practices

Day 2:Contract Development and Negotiation

  • Contract types and key elements
  • Legal and ethical considerations in contract formulation
  • Contract negotiation techniques and strategies
  • Developing a win-win contract for all parties

Day 3: Contract Performance Management

  • Monitoring and managing contract performance.
  • Key performance indicators (KPIs) and metrics
  • Managing supplier relationships and communication
  • Performance improvement strategies and remedies

Day 4: Regulatory Compliance and Risk Management

  • Regulatory environment for procurement and contract management
  • Compliance requirements and best practices
  • Identifying, assessing, and mitigating risks in procurement and contracts
  • Developing a risk management plan

Day 5:Communication and Negotiation Skills for Procurement Professionals

  • Effective communication techniques in procurement and contract management
  • Negotiation skills and strategies
  • Managing conflicts and disputes in contractual relationships
  • Stakeholder management and engagement
  • Course Review 
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Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

  • All
  • May
  • June
  • August
  • November

Location

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  • Contract and Project Management

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 13 - 17 May 2024

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  • Contract and Project Management

Paris

$5,300

Paris

Duration: 20 CPD hours (5Days)

date: 17 - 21 Jun 2024

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  • Contract and Project Management

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 12 - 16 Aug 2024

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  • Contract and Project Management

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 11 - 15 Nov 2024

Register Now
  • Contract and Project Management

Procurement and Contract Management Essentials

Duration:5 Days (20 CPD hours)

date:11 - 15 Nov 2024

London

London

$4,900


Register Now

Questions? Speak to our
friendly training advisor

Dunya Sayedyusef

Email Imagesales@londontfe.com

Call+44 2071836657

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Why Choose London Training For Excellence?

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    Reliability

    We will never cancel a confirmed booking

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    Support

    We offer around the clock support

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    Tailored

    We customise our courses to suit your personal learning needs

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    Quality

    Our courses are delivered by highly experienced industry experts

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    Recognition

    All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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Procurement and Contract Management Essentials

  • United KingdomLondon
  • calendar11 - 15 Nov 2024
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  • United KingdomLondon
  • 11 - 15 Nov 2024
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