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.
