Course Schedules

Classroom 8 Sessions
Online / Live
Live

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Course Modules

This training course is split into the following modules:

Our 10-day training courses consist of 2 modules that can be booked as a complete 10-day program or as individual 5-day courses.

Introduction

The Complete Course on Contracts & Purchasing Management is designed to help contracts and procurement professionals navigate the growing complexity of commercial and business relationships. It is essential for all business professionals to understand how and why contracts allocate risk among the parties involved and the potential consequences of failing to manage that risk.

In today's business environment, companies require procurement improvements to align with their strategic goals. This course on Contracts & Purchasing Management emphasizes best practices in procurement and focuses on critical areas such as compliance, creativity, and supply market knowledge. It also explains how to measure the contributions of purchasing and contracts, ensuring that these key functions are recognized as core competencies.

This training course will feature:

  • An understanding of how contracts control business relationships of all kinds
  • Risk allocation in contract management; protecting your company’s interests
  • An understanding of international contracting in the English language
  • Selection and application of contract management & procurement strategies
  • Managing suppliers to obtain best in class results

What are the Goals?

By the end of this training course, participants will be able to:

  • Improve their understanding of the role of contracts within a business
  • Develop more confidence in dealing with contracting issues
  • Understand how purchasing & contract strategies can be developed to improve commercial outcomes
  • Learn how to develop high performance purchasing organizations
  • Show analytics for use to guide procurement and contract strategies

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Procurement and Contracts Personnel
  • Engineering, Facilities, Finance and Maintenance Personnel
  • Personnel involved in the planning and management of tender process
  • Contract Administrators, Contract Professionals and Project Coordinators
  • Specifiers, Buyers, Purchasing Professionals and Procurement Officers
  • Contracts Managers and Project Managers

How will this Training Course be Presented?

The Complete Course on Contracts & Purchasing Management will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course is highly interactive and includes high levels of participant discussion, group interaction, delegate group exercises and case studies. Materials include existing contemporary English language contracts in many jurisdictions. Delegates will be encouraged to raise their own issues and problems faced within their industry or organisations for discussion on a confidential basis.

Course Content

MODULE I

The Complete Course on Contracts Management

Day 1
What are Contracts and how are they Created?
  • The need for contractual relationships
  • What is needed to create a valid contract? Ingredients and formalities
  • Authority and agency
  • The tender process
  • Alternative sourcing
  • Making contracts enforceable – with particular emphasis on the international context
Day 2
The Structure of Contracts
  • Form of Agreement
  • Hierarchy of Terms and Conditions
  • Different contractual structures
  • Traditional and new
  • Risk and Title (ownership) in international trade - When does it transfer?
  • Notices and other formalities
  • Which law and which courts?
Day 3
Collateral Documents
  • Securitising performance obligations
  • Bonds and guarantees
  • Parent company guarantees
  • Letters of intent, comfort or awareness
  • Insurance policies
  • Assessing the need for financial security
Day 4
Change and Variation
  • Changes to Contract documents
  • Assignment/Novation explained and distinguished
  • Variation clauses and changes to the scope of work
  • Claims – what they are and how they arise
  • Delay and disruption
  • Force majeure
Day 5
Resolving Disputes
  • Conflict avoidance and tiered dispute resolution clauses
  • Negotiation
  • Litigation
  • Arbitration
  • Mediation, ENE and new best practices in dispute resolution and management
  • Final questions and review
MODULE II

The Complete Course on Purchasing Management

Day 6
Day One: The 1st Steps to Becoming World Class
  • Stages to World Class Purchasing
  • How Purchasing is viewed today
  • Strategic Sourcing
  • Developing Spend Profiles and the ABC Analysis
  • New Job Descriptions for Purchasing of the future
  • Purchasing Personnel Required Skill Sets
Day 7
Day Two: Evaluating Your Own Operation
  • What are Best Practices
  • Purchasing Gap Analysis
  • Vision and Mission for Purchasing
  • Developing the Purchasing Department Strategic Plan
  • Developing Key Performance Indicators (KPIs) for Procurement
  • Developing a Company Purchase Price Index
Day 8
Day Three: Continuous Improvement and How to Get It
  • Cost Reduction Initiatives
  • Methods of Cost Containment
  • Waste in the Supply Chain
  • Breaking Down the Elements of Supplier Cost
  • Commodity/Service Strategic Planning
  • Resisting Price Increases
Day 9
Day Four: Supplier Management Approaches
  • Supplier Classification System
  • Supplier Qualification Methods
  • Supplier Performance Metrics
  • Apply Performance criteria to Purchasing Decisions
  • Process Mapping To Eliminate Low Value Activities
  • Applying eProcurement business process
Day 10
Day Five: Improving the Image of Procurement
  • Global Sourcing
  • International Labor Rates Comparison
  • Developing and Maintaining a Customer Focus
  • Basic Issues in Corruption And Fraud Prevention
  • Increasing the Level of Procurement Professionalism
  • Keeping Current in the profession

The Certificate

Recognition
  • Anderson Certificate of Completion for delegates who attend and complete the training course
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