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The Complete Course on Contracts & Purchasing Management

Contracts & Purchasing Management: The A to Z of Best Practices

Course Options

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Need a tailored solution or group booking discount? Contact our course advisors.

This training course is split into the following modular components:

MODULE I The Complete Course on Contracts Management
MODULE II The Complete Course on Purchasing Management

This comprehensive course consists of two modules that can be attended as a full 10-Day event or as separate 5-day courses.

Why Choose Us

The Complete Course on Contracts & Purchasing Management Training Course is designed to enhance the capabilities of contracts and procurement professionals, enabling them to tackle the growing complexities of commercial relationships. In today’s fast-paced business world, understanding contract structures and the risk allocation process is crucial for managing and mitigating potential liabilities. This training will equip participants with the essential knowledge needed to navigate contractual agreements, safeguard their company’s interests, and improve decision-making processes.

This Contracts & Purchasing Management Training Course emphasizes the importance of aligning procurement strategies with organizational goals. By focusing on key aspects such as compliance, risk management, and supply market dynamics, the course highlights how procurement can contribute to an organization’s overall success. Participants will also learn how to measure the effectiveness of purchasing and contract management functions, ensuring these practices are recognized as core competencies within their organizations.

Throughout the course, attendees will explore:

  • How contracts control business relationships and mitigate risks
  • International contracting in the English language
  • Techniques for selecting and applying procurement and contract management strategies
  • How to manage suppliers for optimal performance and results

The course structure is designed as a comprehensive 10-day training event, consisting of two distinct modules: Contracts Management and Purchasing Management. Each module can also be taken individually for those with specific areas of focus.

Why Choose The Complete Course on Contracts & Purchasing Management
Course Goals

What are the Goals?

By the end of the Complete Course on Contracts & Purchasing Management Training Course, participants will be able to:

  • Gain a comprehensive understanding of the role of contracts in business
  • Improve their confidence in handling contracting issues
  • Develop procurement and contract strategies to optimize commercial outcomes
  • Foster high-performance purchasing organizations
  • Utilize analytics to inform procurement and contract decisions

Who is this Training Course for?

This Contracts & Purchasing Management Training Course is ideal for a variety of professionals, including:

  • Procurement and Contract Professionals
  • Engineering, Facilities, Finance, and Maintenance Staff
  • Individuals involved in planning and managing the tender process
  • Contract Administrators, Project Coordinators, and Contract Managers
  • Specifiers, Buyers, Purchasing Professionals, and Procurement Officers

This training course is tailored to those looking to improve their expertise in contract and procurement management, whether they are new to the field or looking to expand their current skill set.

Learning Approach

How will this Training Course be Presented?

The Complete Course on Contracts & Purchasing Management Training Course will be delivered through a blend of interactive learning methods. It will include participant discussions, group exercises, and case studies to ensure participants are actively engaged in the learning process. Participants will also have access to contemporary contracts from various jurisdictions, which will be analyzed in the context of real-world scenarios.

The course will be highly practical, encouraging delegates to raise any issues they face within their respective industries for confidential discussion. This approach ensures that the course is relevant and directly applicable to the participants' daily work and challenges.

Presentation Overview:

  • Interactive learning with group discussions and exercises
  • Case studies using real contracts from multiple jurisdictions
  • Participants encouraged to discuss industry-specific issues
  • Practical, real-world focus to ensure immediate application

The Course Content

MODULE I

The Complete Course on Contracts Management

What are Contracts and how are they Created?
  • The need for contractual relationships
  • What is needed to create a valid contract? Ingredients and formalities
  • Authority and agency
  • The tender process
  • Alternative sourcing
  • Making contracts enforceable – with particular emphasis on the international context
The Structure of Contracts
  • Form of Agreement
  • Hierarchy of Terms and Conditions
  • Different contractual structures
  • Traditional and new
  • Risk and Title (ownership) in international trade - When does it transfer?
  • Notices and other formalities
  • Which law and which courts?
Collateral Documents
  • Securitising performance obligations
  • Bonds and guarantees
  • Parent company guarantees
  • Letters of intent, comfort or awareness
  • Insurance policies
  • Assessing the need for financial security
Change and Variation
  • Changes to Contract documents
  • Assignment/Novation explained and distinguished
  • Variation clauses and changes to the scope of work
  • Claims – what they are and how they arise
  • Delay and disruption
  • Force majeure
Resolving Disputes
  • Conflict avoidance and tiered dispute resolution clauses
  • Negotiation
  • Litigation
  • Arbitration
  • Mediation, ENE and new best practices in dispute resolution and management
  • Final questions and review
MODULE II

The Complete Course on Purchasing Management

The 1st Steps to Becoming World Class
  • Stages to World Class Purchasing
  • How Purchasing is viewed today
  • Strategic Sourcing
  • Developing Spend Profiles and the ABC Analysis
  • New Job Descriptions for Purchasing of the future
  • Purchasing Personnel Required Skill Sets
Evaluating Your Own Operation
  • What are Best Practices
  • Purchasing Gap Analysis
  • Vision and Mission for Purchasing
  • Developing the Purchasing Department Strategic Plan
  • Developing Key Performance Indicators (KPIs) for Procurement
  • Developing a Company Purchase Price Index
Continuous Improvement and How to Get It
  • Cost Reduction Initiatives
  • Methods of Cost Containment
  • Waste in the Supply Chain
  • Breaking Down the Elements of Supplier Cost
  • Commodity/Service Strategic Planning
  • Resisting Price Increases
Supplier Management Approaches
  • Supplier Classification System
  • Supplier Qualification Methods
  • Supplier Performance Metrics
  • Apply Performance criteria to Purchasing Decisions
  • Process Mapping To Eliminate Low Value Activities
  • Applying eProcurement business process
Improving the Image of Procurement
  • Global Sourcing
  • International Labor Rates Comparison
  • Developing and Maintaining a Customer Focus
  • Basic Issues in Corruption And Fraud Prevention
  • Increasing the Level of Procurement Professionalism
  • Keeping Current in the profession
Recognition

Certificate

  • • AZTech Certificate of Completion for delegates who attend and complete the training course.
Qualifications & Endorsements

Accreditation

Collaborations

In Partnership With

Anderson Copex Coventry

Frequently Asked Questions

Absolutely. AZTech offers customised in-house training where this course can be tailored to your organisation's specific needs, objectives, and industry context. Please contact us directly to discuss your requirements.

Yes. This The Complete Course on Contracts & Purchasing Management is offered in a classroom setting across multiple international locations as well as in a live online format, giving participants the flexibility to choose the option that best suits their schedule and learning preference.

AZTech courses are conducted in carefully selected 5-star hotels or 4-star premium hotels in the host city, featuring fully equipped, professional training rooms. Participants will enjoy coffee breaks and snacks throughout the day, as well as a complimentary lunch provided after each training session.

This The Complete Course on Contracts & Purchasing Management training course is designed for professionals at all levels who wish to enhance their knowledge and skills in this subject area. It is suitable for managers, team leaders, specialists, and anyone looking to advance their career and professional development.

AZTech provides round-the-clock support to assist you with any enquiries. You can reach our team 24/7 by phone at +971 50 195 5668, by email at [email protected], or by visiting our website at www.aztechtraining.com. Our dedicated training consultants are always on hand to help you with course selection, registration, scheduling, and any other questions you may have.

There are no formal prerequisites for this The Complete Course on Contracts & Purchasing Management course. It is open to all professionals regardless of their background or experience level, though a basic understanding of the subject area may be beneficial.

AZTech courses are delivered using a highly interactive and practical methodology, combining presentations, group discussions, real-world case studies, exercises, and workshops to ensure participants can immediately apply what they have learned in their professional environment.

Yes. Participants who successfully complete the course will receive an AZTech Certificate of Completion. This course may also be eligible for Training credits, which will be indicated in the course details.

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