Procurement and Contracts Management

 

Training Description

It is necessary for a Procurement Manager to understand the fundamental principles of Procurement and Contracts, as well as understand the Procurement Strategies adopted worldwide, including how these benefit an organization.

The course contents helps in understanding how to make effective strategies as well as efficiently manage Procurement and Contracts in an organization

Training Objectives

Each attendee who will complete this training will gain the following outcomes:-

  • Apply and gain a compressive knowledge on Procurement and Contracts Management.
  • Fundamental concept & effectiveness of procurement process in a commercial environment.
  • Understand the value addition of procurement to business.
  • Development of procurement strategies, improved working relationships with contractors and suppliers.
  • Understand the process of contracts.
  • Role of contracts in adding value & security to the business.

Who should attend?

This course is intended for Project Managers, Operational Managers, Team Leaders, Persons who support a company’s insurance purchasing function, Persons who support a company’s risk management program, Persons who serve in a supplier contracting position, and persons in an auditing, financing or procurement role.

Training Duration: 5 (Five) days (6 Hours/day)

Training Program

The following program is planned for this training. However, the instructor(s) may modify this program before or during the training for technical reasons with no prior notice to the delegates. Nevertheless, the training objectives will always be met:

DAY 1

08:30 – 09:00

Registration & Coffee

09:00 – 09:30

Welcome & Introduction

09:30 – 10:30

  • Purchasing & Types of Purchasing

10:30 – 10:45

Break

10:45 – 12:30

  • Purchasing through the years, Purchasing Cycle, Preparation of Purchase Specifications (Enquiry Stage, Purchase Order Stage), RFP, RFQ and Types of Supplier Relationship in Purchasing.)

12:30 – 01:30

  • Concept of Procurement.

01:30 – 02:10

Lunch

02:10 – 03:30

  • Role of Shipping & Freight Forwarding in Procurement Management.

03:30 – 03:45

Break

03:45 – 04:00

Training Wrap-Up

04:00

End of the Day One

DAY 2

09:00 – 09:30

Training Recapitulation for Day One

09:30 – 10:30

  • Strategic Procurement

10:30 – 10:45

Break

10:45 – 12:30

  • Two (2) Bin system, Outsourcing, Methodologies of Outsourcing, Global Sourcing

12:30 – 01:30

  • JIT system, Inventory Management, EOQ, DOQ, VMI(Vendor Managed Inventory)

01:30 – 02:10

Lunch

02:10 – 03:30

  • Supplier Selection & Evaluation

03:30 – 03:45

Break

03:45 – 04:00

Training Wrap-Up

04:00

End of the Day Two

DAY 3

09:00 – 09:30

Training Recapitulation for Day Two

09:30 – 10:30

  • LOI, MOU’s, Contract Philosophy, Types of Contracts, Objectives of Contract

10:30 – 10:45

Break

10:45 – 12:30

  • Components of a Contract, Contract Law.

12:30 – 01:30

  • Importance of Standard Legal Terms & Conditions in Purchase Orders/Contracts

01:30 – 02:10

Lunch

02:10 – 03:30

  • Standard terms & Conditions of Purchase Order

03:30 – 03:45

Break

03:45 – 04:00

Training Wrap-Up

04:00

End of the Day Three

DAY 4

09:00 – 09:30

Training Recapitulation for Day Three

09:30 – 10:30

  • Legal Vetting of Contracts

10:30 – 10:45

Break

10:45 – 12:30

  • Bid Analysis & Contract Development

12:30 – 01:30

  • Contract Renewal or Extension

01:30 – 02:10

Lunch

02:10 – 03:30

  • Approval of Contracts

03:30 – 03:45

Break

03:45 – 04:00

Training Wrap-Up

04:00

End of the Day Four

DAY 5

09:00 – 09:30

Training Recapitulation for Day Four

09:30 – 10:30

  • Creating an Effective Statement of Work

10:30 – 10:45

Break

10:45 – 01:30

  • Role of Arbitration & Mediation in Contracts

01:30 – 02:10

Lunch

02:10 – 02:45

  • Breach of Contracts

02:45 – 03:00

Break

03:00 – 03:30

  • Review of Contract Types and their Impact on your Organization

03:30 – 03:45

Training Summary

03:45 – 04:00

Giving of Training Certificate Completion

04:00

End of the Course

Material given during the training:  [DVD’s and Case Studies will be used during this course to illustrate examples of good and bad change implementation processes].

Before the course

Each delegate will be asked to complete a Pre-Course Assessment Form to determine their current level and objectives for attending the course. The content of such Form will be used by the trainer only to give tailored training that is focused on each group of delegates.

At the end of the course

Each delegate will be asked to complete an Individual Development Plan and Vocational Completion Certificate.

 

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