Contract and Vendor management training American Certification Institute ACI and International Purchasing and Supply Chain Management Institute, USA is an instant passport to a rewarding career, worldwide. Get ACI/IPSCMI Certified and the world can be yours! Are you Ready?
ACI/IPSCMI will familiarize you with the international standards in the business. The demand of expertise and professional business personnel is increasing day by day, so what is your ranking today?
As Commercial contracts continue to be the foundation of business relationships, organizations need to implement effective Commercial contracts management practices to avoid risk and achieve optimal outcomes. This certification course provides you with the knowledge and skills to successfully manage and execute the contracting process. Throughout the course, you learn how to implement the contract life cycle and avoid common pitfalls.
Vendor management – You, Will, Learn How To:
Apply effective contracting strategies and techniques to maximize results and minimize risk
Manage an effective Commercial contracts life cycle
Identify strategies and tactics to select the most qualified Vendor management
Orchestrate the negotiation process for “win-win” outcomes
Employ best practices for contracts administration and execution
Ensure delivery of intended objectives and successful contract closure
Project managers, contract managers, HR managers and other professionals involved in contract management must be able to work effectively with customers, vendors, partners or employees to achieve key objectives. Due to the new regulatory requirements, increase in volume and the complexity of contract management, a good understanding of the process is crucial and can benefit an organization enormously.
With this in mind, we bring you a comprehensive approach to Contract and vendor management. This course combines theory and best practice to help improve understanding and performance when it comes to managing contracts and Vendors.
Contract management is ‘The process of systematically and efficiently managing contract creation, execution and analysis for maximizing operational and financial performance and minimizing risk’ but many organizations are inefficient in contract management, resulting in costly oversights, potential risks and loss of job control.
This interactive and engaging course will support you to do the following;
- Recognize best practice preparation IN Contract and Vendor Management
- Understand contract and Vendor management
- Determine and explain the reasons for poor performance
- Learn how to manage and monitor risks and supplier performance
- Know the importance of relationship management in maximizing performance
Who Should Attend?
Project managers, Legal Practitioners, Financial Auditors, Administrative professionals, Operations Managers, contract managers, and other professionals involved or intending to have a career in the Commercial contract management life cycle
This course benefits all stakeholders involved in the buying and selling roles.
VENDOR MANAGEMENT – COMMERCIAL CONTRACT MANAGEMENT CERTIFICATION COURSE CONTENT
Introduction to Contracts
The basis of contracts around the world
Contract formation
Contract formalities
Authority to contract
The Board of Tenders (BOD)
1. Contract Stakeholders Management for effective results
Elements of stakeholders Management
Stakeholders Analysis
Stakeholders Planning
Stakeholders Prioritization techniques
2. Supply Chain Management as regards Commercial contracts Management
What exactly is Supply Chain Management?
How the Supply Chain Works
The logistics of Contract in the Chain
The buyer’s influence on the Supply Chain
Common mistakes in Contract Management and solutions
3. Contract Creation and the entire procedure involved
competitive tendering/Contracts Drafting
Dealing with challenges
Single/Sole sourcing
Framework Agreements
Negotiated contracts
Different contract types
Traditional
More innovative
Selecting the right one for the project
Using standard forms of contracts (Company and International)
5. Awarding the contract
Letters of intent
Letters of Award
Conditions precedent
Conditions Subsequent
6. Collateral documents
Bonds
Guarantees
Insurance Arrangements
7. De-briefing bidders
8. Kick-off meetings
9. Drafting contracts
Clarity of language
Issues with translations
Issues with translations
10. Interpretation of Critical contract clauses
Health Safety and the environment
Standard of work/products/service
Change to the scope of work
Indemnities
Insurance
Liquidated damages
Penalties
Force Majure
Limitation of liability
Warranty and guarantee periods
Termination
Entire Agreement
Notices
11. Contract Business process Management
Contract Management Planning
Strategic Alignment for the Contract Manager
12. Contract Management detailing technique
The Work Structure of Contract Management
Contract Planning work conversion method
Implementation technique
13. Contract Financial Management
Budget Forecasting
Budget development structuring
Contract Master Budgeting
Contract Financial Performance management
14. Contract Risk Vendor management
Contract Risk Auditing
Contract Risk Prioritization and Categorization
15. Contracts types
Types of contracts and implementation techniques
Contract strategies and techniques
Using the difference in real-life situations
16. Effective Negotiation In Contract Management
17. Contract Performance Vendor management
18. Supplier Development Programming
Vendor management Administration
Strategic Supplier work Shop development
19. Contract Management technological development
Introduction to Electronic Contracts
Supplier Management Integration system
20. Enterprise Resource Planners Vs. Contract
| DURATION |
| 3 (three) days |
| METHODOLOGY |
| Lectures Discussions Individual and group exercises Case studies Activities |
Call now to register; 08066559530 or send us a mail requesting to register – [email protected]
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