(Click Category to List Courses)
18 - CMN - Contract Management and Negotiation Skills
CMN 160 - The Complete Course on Contracts & Purchasing Management
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| CMN 160 | 30 December 2024 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 06 January 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 03 March 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 28 April 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 23 June 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 18 August 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 13 October 2025 | 5 Days | Istanbul | Registration Form Link |
| CMN 160 | 08 December 2025 | 5 Days | Istanbul | Registration Form Link |
Course Description
This Complete Course on Contracts & Purchasing Management training course is designed to assist
contracts and procurement professionals understand and deal with the increasing complexity of
commercial and business relationships. All business professionals need to understand how and why
contracts allocate risk to the parties to the contract, and the consequences of failure to meet that risk.
Modern companies need procurement improvements to allow organisations to meet their strategic
objectives.
This training course promotes best practice in procurement activities and working on the
‘right’ issues of compliance, creativity and supply market knowledge. It establishes how to measure
purchasing and contract contributions so that these critical functions are recognised as core
competencies.
Course Objectives
- Understanding how contracts control business relationships of all kinds
- Exploring risk allocation in contract management; protecting your company’s interests
- Understanding international contracting in the English language
- Selecting and appliying contract management & procurement strategies
- Managing suppliers to obtain best in class results
Who Should Attend?
- Project directors
- Contract administratiors
- Procurement staff
- Managers
- Executives
- Anyone involved in contract management techniques
Course Details/Schedule
Day 1
- What are contracts and how are they Created?
- What is needed to create a valid contract? Ingredients and formalities
- The tender process
- The Structure of Contracts
- Form of Agreement
- Different contractual structures: Traditional and New
- Risk and Title (ownership) in international trade. When does it transfer?
- Notices and other formalities
- Collateral Documents
- Bonds and guarantees
Day 2
- Parent company guarantees
- Letters of intent, comfort or awareness
- Insurance policies
- Changes to Contract documents
- Assignment/Novation explained and distinguished
- Claims – what they are and how they arise
Day 3
- Delay and disruption
- Force majeure
- Resolving Disputes
- Conflict avoidance and Negotiation
- Litigation
- Arbitration
- Mediation, ENE and new best practices in dispute resolution and management
Day 4
- Stages To World Class Purchasing
- Strategic Sourcing
- Developing Spend Profiles and the ABC Analysis
- 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
- Cost Reduction Initiatives
- Methods of Cost Containment
- Commodity/Service Strategic Planning
- Resisting Price Increases
Day 5
- Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance criteria to Purchasing Decisions
- Applying eProcurement business process
- Global Sourcing
- International Labor Rates Comparison
- Developing and Maintaining a Customer Focus
- Basic Issues In Corruption And Fraud Prevention
