Course Overview
This training equips participants with the knowledge and skills to manage procurement and contracts efficiently—two essential functions for the smooth operation of any organization. From sourcing and supplier management to contract negotiation and performance tracking, participants will gain practical tools to ensure value, compliance, and performance in procurement processes.
The course emphasizes a strategic and analytical approach to procurement, combined with effective contract lifecycle management. It is ideal for professionals responsible for procurement, finance, logistics, and compliance within public, private, or development sectors.
Who Should Attend
- Procurement and Logistics Managers
- Finance Officers, Controllers, and Project Accountants
- Administration and Compliance Managers
- Grant Managers/Coordinators
- Contract and Supply Chain Officers
Course Objectives
By the end of the course, participants will be able to:
- Understand key concepts in procurement and contract management
- Create strategic sourcing and procurement plans
- Identify and manage supplier relationships and performance
- Select and administer appropriate contract types
- Negotiate and draft clear, enforceable contracts
- Monitor procurement processes, timelines, and costs
- Handle contract risks, disputes, and closure professionally
- Prepare effective reports tailored to decision-makers
Key Learning Areas
Procurement Management
- Procurement processes and systems
- Strategic, tactical, and operational procurement decisions
- Supplier selection, rating, and engagement
- Use of IT and e-procurement tools
- Quality assurance and cost control in procurement
- Contingency planning in procurement operations
- Spend analysis, total cost of ownership, and value analysis
- Integration of procurement within the supply chain
Inventory and Logistics
- Inventory control methods and financial tracking
- Reducing obsolete and excess stock
- Improving logistics and delivery systems
Contract Management
- Understanding contract lifecycles and types
- Legal elements of enforceable contracts
- Preparing and issuing contracts
- Evaluation of suppliers and offers
- Negotiation strategies and documentation
- Risk assessment and mitigation in contracts
- Monitoring performance and managing contract changes
- Dispute resolution and contract termination
- Contract close-out procedures
Training Methodology
This course uses interactive, participant-centered learning methods, including real-life case studies, group work, and hands-on exercises. Follow-up support and free coaching are available for interested participants after the training.