Contact information
London (UK) Office
22 Portman Square, Marylebone, London W1H 7BG, UK
Istanbul (Turkey) Office
19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli
Effective procurement and contract management is at the heart of every successful organization. Procurement professionals must not only negotiate and draft supplier contracts but also ensure that purchase orders (POs) are properly managed to protect their organization’s interests and maintain strong supplier relationships. Many face challenges in reviewing contract terms, managing risks, and aligning purchase orders with contractual obligations. This course equips participants with practical tools to confidently manage supplier contracts, create and review POs, and handle common issues that arise in procurement operations.
Understand the procurement cycle and its relationship with contract management.
Draft, review, and interpret supplier contracts effectively.
Create and manage purchase orders in alignment with contract terms.
Identify risks in supplier agreements and implement risk mitigation strategies.
Handle supplier relationship challenges and disputes professionally.
Align procurement practices with organizational goals and compliance standards.
Lectures and Expert Insights: Leading industry experts will share their insights and best practices.
Case Studies: Analyze real-world talent acquisition challenges and solutions.
Group Discussions: Engage in meaningful discussions and share experiences with peers.
Role-Playing and Simulations: Practice recruitment scenarios to enhance skills.
Hands-on Workshops: Gain practical experience in using recruitment tools and techniques.
Reduces legal and financial risks in supplier contracts.
Improves procurement efficiency through better PO and contract alignment.
Strengthens supplier relationships and trust.
Ensures compliance with internal policies and external regulations.
Enhances cost savings through effective negotiation and contract management.
Builds confidence in negotiating and reviewing supplier contracts.
Improves ability to draft and manage purchase orders accurately.
Enhances problem-solving skills when dealing with suppliers.
Provides practical frameworks for managing disputes and contract risks.
Strengthens career prospects in procurement and supply chain management.
Procurement and purchasing officers.
Contract administrators and managers.
Supply chain and logistics professionals.
Project managers involved in vendor management.
Finance and operations staff handling supplier payments and POs.
Understanding the procurement cycle: requisition, sourcing, contracting, PO, delivery, payment.
Key roles and responsibilities in procurement.
Types of procurement contracts (fixed price, cost-plus, framework agreements, etc.).
Common challenges in supplier contract management.
Map your organization’s procurement workflow.
Key elements of supplier contracts: scope, pricing, delivery, terms, liabilities.
Reviewing and interpreting contract clauses.
Managing contract risks and compliance.
Best practices for contract documentation and record-keeping.
Analyze a sample supplier contract for risks and opportunities.
What is a PO? Purpose and key components.
Aligning POs with supplier contracts.
Common errors in issuing POs and how to avoid them.
Using digital procurement systems for PO creation and tracking.
Exercise: Draft and review sample purchase orders based on real case studies.
Building positive supplier relationships through clear contracts and POs.
Monitoring supplier performance against contract terms.
Handling disputes, delays, and non-performance.
Negotiation techniques for better supplier agreements.
Negotiating a supplier agreement with PO considerations.
Linking procurement, contracts, and POs into one streamlined process.
Governance and compliance in procurement.
Case study: Resolving issues when contracts and POs don’t align.
Developing an action plan for improved procurement and contract management.
Output: A practical checklist and roadmap for managing supplier contracts and POs.
