• Home
  • The Academy
  • Courses
    • Tutor-Led Training
    • Self-Guided Courses
  • About
  • Blog
  • Contact
Menu
  • Home
  • The Academy
  • Courses
    • Tutor-Led Training
    • Self-Guided Courses
  • About
  • Blog
  • Contact
ProCen

No products in the basket.

0
  • Home
  • The Academy
  • Courses
    • Tutor-Led Training
    • Self-Guided Courses
  • About
  • Blog
  • Contact
  • Home
  • The Academy
  • Courses
    • Tutor-Led Training
    • Self-Guided Courses
  • About
  • Blog
  • Contact

No products in the basket.

0
SELF-GUIDED COURSE

Procurement & Supplier Contract Management

CPD Certified

Gain practical skills that establish you as an expert and specialist knowledge that you can apply in all aspects of supplier selection and contract management that controls costs.

This course is CPD Accredited, and every hour spent on this training can be converted to 1 CPD POINT.

Why complete this course?

All businesses depend on third party expertise, so supplier selection and contract management skills are critically important to avoid supply chain failure.

If supplier selection and contractual risks are not managed, supply chain failure can cost millions of pounds in compensation and damage to a business reputation.  We explain how this can be avoided.

What’s involved?

We turn theory into practice using interactive exercises as you explore what supplier selection and contract management is and how to use it within a business.  You will learn the procurement manager’s roles and responsibilities and how to manage suppliers and stakeholders to get the best results for your business that keep costs under control.

Is it right for you?

This course is open to everyone involved in selecting and working with external suppliers.  It will benefit procurement, purchasing teams, project managers, buyers, commercial, contract managers, auditors and supply chain professionals.

Course Modules

6 Modules on Procurement & Supplier Contract Management
Including interactive videos, questions and answers and exercises

Module 1. How Procurement adds value

  • What Procurement does and how it works?
  • Which functions do Procurement interact with?
  • What can a business expect from Procurement?
  • What are the 5 rights of Procurement?
  • Explaining the 8 step Procurement cycle
  • Tendering your requirements with suppliers

Module 2. How to run tenders

  • What is a form of tender?
  • The schedule of Requirements explained in a working model
  • Defining the selection criteria for a supplier
  • Analysis of the selection criteria using a score card
  • Scoring suppliers in a selection process
  • Pre qualification and due diligence of a potential supplier

Module 3. Controlling Costs

  • Understanding the total cost of ownership for goods and services
  • How do Procurement influence the price that is paid for goods and services?
  • How to produce efficiency in the supply chain
  • Applying the 5 forces to improve your supply base

Module 4. Price analysis

  • Cost estimations
  • Budgeting and approval process
  • Using governance to control costs
  • Baselining the cost of ownership
  • Open book pricing arrangements
  • Different pricing applications

Module 5. Supplier contractual terms and conditions

  • What are incoterms?
  • Terms and conditions
  • Formalities of contracts and law
  • Formation of contracts
  • What are offers and acceptance?
  • What is SRM?

Module 5. Legal Agreements

  • Different types of agreements
  • Payments
  • Performance Guarantees and bonds
  • Steps in dispute resolution
Course Outcomes

This course will:

  • Provide a best practice standard approach for procurement teams to deliver both business and procurement objectives within the supply chain
  • Raise the procurement profile and your credibility as a recognised business leader and partner
  • Use real-world knowledge that builds value around each spend category
  • Maximise value beyond a price focus to improve quality, risk and reliability of supply chains
  • Ensure negotiation outcomes are better handled
  • Provide a strategy that manages supplier contracts
  • Help you select suppliers that meet your business needs

This is an engaging and interactive course that is brought to life with real examples and stories. No death-by-bullet-points, we’ll show rather than tell to help you learn.

£225.00

Lifetime access
Add to basket

Other courses you might like...

Supply Chain Effectiveness

CPD Certified
Understand the key drivers, dimensions and performance measures of effective supply chain management, and how to apply them for the benefit of your business.

£175.00

View Course

Warehouse & Logistic Management

CPD Certified
Learn how to manage transport, warehouse and inventory approaches to control cost, risk and quality throughout your supply chain.

£225.00

View Course
STAY IN THE LOOP

Sign up for updates on new courses, free resources, events and news from Procurement Central.

+44 (0) 1227 276073
office@procurementcentral.net
Copyright Procurement Central © 2022
Designed by Alilia Studio
Twitter Linkedin Instagram
  • Privacy Policy
  • Terms & Conditions
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View our Privacy & Cookie Policies here.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT