{"id":2029,"date":"2024-10-02T22:58:26","date_gmt":"2024-10-02T22:58:26","guid":{"rendered":"https:\/\/eiecentre.com\/Excellence\/?post_type=courses&#038;p=2029"},"modified":"2024-10-04T17:06:09","modified_gmt":"2024-10-04T17:06:09","slug":"the-complete-course-on-contracts-purchasing-management","status":"publish","type":"courses","link":"https:\/\/eiecentre.com\/Excellence\/courses\/the-complete-course-on-contracts-purchasing-management\/","title":{"rendered":"The Complete Course on Contracts &#038; Purchasing Management"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Current and future leaders in contract and procurement functions are expected to be experts in world-class buying and contract practices. This comprehensive procurement and contract management course, a fast-paced program, is designed to equip contract and purchasing leadership with leading strategies, concepts, and techniques in contracts and procurement activities. These are regarded as essential components for achieving World-Class performance. Additionally, it aims to inspire and provide direction for successful implementation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A considerable part of every organization&#8217;s operating cost allocated to external goods and services mandates that Contracts and Purchasing must be recognized as a fundamental competency. This procurement and contract management course is critical for organizations striving to reduce expenditures while enhancing operations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This procurement and contract management seminar addresses the best practices in contracts and purchasing. It enables participants to benchmark their current position and initiate the necessary steps to create the greatest total value for their organization.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the context of procurement contract management, this course dives deep into the intricacies of developing, negotiating, and managing procurement contracts. From the procurement and contract management certificate to understanding contract management, students will explore various facets of purchasing contract management.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The procurement and contract management course&#8217;s comprehensive teaching methodology ensures that participants walk away with concrete procurement and contract management skills that can be immediately applied to their professional roles as purchasing contract managers.<\/span><\/p>\n<h2><\/h2>\n<h2><span data-preserver-spaces=\"true\">Course Objectives<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Participants in the procurement and contract management course will be able to:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Discuss elements of a sound contract management process.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Learn methods of tender evaluation.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Review various contract strategies.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Examine examples of significant commercial contract clauses.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Understand the essential elements that constitute a contract.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Utilize contract checklists.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Learn how to develop effective purchasing organizations.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Develop strategic purchasing plans based on robust procurement and contract management training.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Be taught to create spend profiles and analysis to inform strategies.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Explore various ways of reporting key performance indicators (KPIs).<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Recognize the most valuable competencies for contract and purchasing personnel.<\/span><\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\">Targeted Competencies<\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">Strategic planning in procurement and contract management.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Contract selection and drafting.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Ability to instruct and manage lawyers.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Commercial management.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Risk assessment and management.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Negotiation skills.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Dispute resolution.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Management and control of contracts.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Evaluating contract prices and drafting contracts.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Economic price adjustment clauses.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing spend analysis to focus on improvement initiatives.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Cost Containment strategies and reducing low-value activities.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Procurement measurements that define performance.<\/span><\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\">Course Content<\/span><\/h2>\n<h3><strong><span data-preserver-spaces=\"true\">Unit 1:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0What are Contracts, and how are they Created?<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">The need for contractual relationships.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">What is needed to create a valid contract? Ingredients and formalities.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Authority and agency.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The tender process.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Alternative sourcing.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Making contracts enforceable \u2013 with particular emphasis on the international context.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 2: The Structure of Contracts<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Form of Agreement.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Hierarchy of Terms and Conditions.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Different contractual structures, both traditional and new.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Risk and Title (ownership) in international trade &#8211; When does it transfer?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Notices and other formalities.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Which law and which courts?<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 3: Collateral Documents<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Securitizing performance obligations.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Bonds and guarantees.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Parent company guarantees.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Letters of intent, comfort, or awareness.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Insurance policies.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Assessing the need for financial security.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 4: Change and Variation<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Changes to Contract documents.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Assignment\/Novation explained and distinguished.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Variation clauses and changes to the scope of work.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Claims \u2013 what are they, and how do they arise?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Delay and disruption.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Force majeure.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 5: Resolving Disputes<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Conflict avoidance and tiered dispute resolution clauses.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Negotiation.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Litigation.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Arbitration.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Mediation, ENE, and new best practices in dispute resolution and management.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 6: The 1st Steps To Becoming World Class<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">4 Stages To World Class.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Let&#8217;s be honest about how Purchasing is viewed today.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Strategic sourcing.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing Spend Profiles and the ABC Analysis.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">New job descriptions for future purchasing.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Purchasing personnel required skill sets.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 7: Evaluating Your Operation<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">What are best Practices?<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Purchasing gap analysis.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Vision and mission for purchasing.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing the purchasing department strategic plan.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing Key Performance Indicators (KPI) for procurement.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing a company purchase price index.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 8: Continuous Improvement and How To Get It<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Cost reduction initiatives.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Methods of cost containment.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Waste in the supply chain.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Breaking down the elements of supplier cost.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Commodity\/service strategic planning.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Resisting price increases.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Supplier classification system.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Supplier qualification methods.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Supplier performance metrics.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Applying performance to purchasing decisions.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Process mapping To eliminate low-value activities.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">E-procurement.<\/span><\/li>\n<\/ul>\n<h3><span data-preserver-spaces=\"true\">Unit 9: Improving the Image of Procurement<\/span><\/h3>\n<ul>\n<li><span data-preserver-spaces=\"true\">Global sourcing.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">International labor rates comparison.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Developing and maintaining a customer focus.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Basic issues in corruption and fraud prevention.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Increasing the level of procurement professionalism.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Keeping current in the profession.<\/span><\/li>\n<\/ul>\n<p><a class=\"course-btn\" href=\"https:\/\/eiecentre.com\/Excellence\/en\/fill-form\/\"> Enroll Now <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Current and future leaders in contract and procurement functions are expected to be experts in world-class buying and contract practices. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2031,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"course-category":[262],"course-tag":[],"class_list":["post-2029","courses","type-courses","status-publish","has-post-thumbnail","hentry","course-category-marketing-sales-management-contract-management-training-courses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Complete Course on Contracts &amp; Purchasing Management - Excellence<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eiecentre.com\/Excellence\/courses\/the-complete-course-on-contracts-purchasing-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Complete Course on Contracts &amp; Purchasing Management - Excellence\" \/>\n<meta property=\"og:description\" content=\"Current and future leaders in contract and procurement functions are expected to be experts in world-class buying and contract practices. 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