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In-House Training
Excellence in Training
FP02E
Purchasing & Contract Management Gain great benefits by putting your purchasing and contract management processes, systems and practices in place
Overview More and more business is being conducted by external resources under contracts that are managed for the company by line staff drawn from many functions. This creates opportunities for great benefits to be gained but is also full of potential pitfalls, which can lead not only to loss of expected benefits but to serious unnecessary expense in the worst cases. Purchasing and contract management provides significant opportunities to save money, drive efficiency, increase profitability and drive mutually beneficial relationships with suppliers and contractors. This program gives participants the ability to get the best contract into place during the "upstream" phase leading up to contract award, ensuring that expected benefits are realized and expenditure is not wasted.
Who Should Attend? The program is suitable for experienced staff in purchasing & supply management roles as a refresher course; less experienced or new staff in purchasing & supply management roles; other staff who would benefit from understanding of the Purchasing Process.
Primary Objectives & Benefits This workshop will help participants to learn: 1. Understand & apply procurement best practice for purchasing goods/services. 2. Understand generic contracting & procurement ‘Total Cost of Ownership’ Model. 3. Learn and apply approaches and techniques for vendor base management. 4. Set up and execute contracts and to manage ongoing contractual relationships. 5. Apply tools and techniques using a ‘totally lifecycle’ methodology. 6. Apply framework based on 7 critical success factors for contract management. 7. Recognize true commercial interface and maximize opportunities. 8. Apply an approach to purchasing in the context of the company’s business objectives, ethics and stakeholder mapping. 9. Reduce longer term operations costs and improve ontime delivery of ordered goods/services.
10. Safeguard the organizations reputation and build strong relationships with suppliers, vendors and contractors.