Modern Management of Contracts and Purchases
September 17-September 21/2022: Kuwait
October 08—October 12/2022 : Amman
October 22—October 26 /2022 : Dubai
November 12 - November 16 /2022 :Kuwait
Introduction
The growing importance of Modern Management of Contracts and Purchases makes it necessary for an organisations to manage contracts using Contract Management (CLM). In Procurement also, Contract Management is used in the domain to ensure efficient sourcing of material. This is known as Contract Management in Procurement.
According to Forrester, the Contract Management software market is expected to be worth £9.5 billion by 2025. Growing in popularity and worth every year, Contract Management is now often used in the Procurement department of organisations.
This blog will tell you all you need to know about Contract Management in Procurement and the best practices to achieve efficient Contract Management in the Procurement process.
Objectives
Attending this IACT training course will give delegates an opportunity to:
Þ To provide participants with the knowledge and skills required to explore the advanced practices in purchasing and contracting
Þ Prioritize mastering the art of contract management in today’s procurement landscape
Þ UNDERSTANDING the innovative technologies in Modern Management of Contracts and Purchases
Þ Study the transformative impact it will have on your organization’s success in the realm of global sourcing.
Who should attend this Course?
This IACT inspiring course is aimed at :
Þ Contract administrators, contract professionals, and project coordinators.
Þ Specifiers, buyers, purchasing professionals, and procurement officers.
Þ Contracts managers.
Þ Project managers.
Þ Procurement managers.
Þ Purchasing managers.
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
Each module covers different aspects of using Game-Based Learning and Gamification in education. Coursework will incorporate
your existing knowledge and experience and provide helpful learning environment with a good mix of theoretical and practical knowledge. On all outlines will apply Skills for Game-Based Learning and Gamification and practiced in hands-on, collaborative way within an international group setting.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
DAY 1:
Definition and Importance of Purchasing Function
Þ Organizing of Purchasing Department
Þ According to Areas
Þ According to Products
DAY 2:
The Relationship between Purchasing and Other Departments
Þ Relation with Warehousing and Sales
Þ Purchasing Staff Qualifications and Ethics
Þ Purchasing Staff Ethics
Þ Purchasing Staff Qualification
Þ
DAY 3 :
Sources of Supply and Evaluation of Supplies
Þ Data Sources
Þ Suppliers Evaluation
Þ New Procedures for Purchasing and Contracting (Local & Overseas)
DAY 4 :
Letter of Guarantee (L/G) & Letter of Credit (L/C)
Þ Negotiation Skills in Purchasing
Þ Negotiation Definition and Importance
Þ Negotiation Strategies
DAY 5 :
The Importance of Effective Contract Management in Modern Sourcing
Þ Common Challenges Faced in Contract Management Today
Þ Best Practices for Contract Management in the Modern Procurement Landscape
Þ Technology and Contract Management: Exploring Innovative Solutions
Þ Importance of Using Computer in Purchasing
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:
3.750USD$
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session