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Training Course: Supplier Management and Procurement Contracts: Best Practices


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PU235640

16 - 27 Dec 2024

Paris (France)

Cost : 8400 € Euro

Introduction

This specialized training program, designed by Global Horizon Training Center, equips professionals in procurement and supplier management with industry-leading best practices for optimizing supplier relationships and effectively managing procurement contracts. Attendees will gain insights into the principles of supplier evaluation, negotiation tactics, risk mitigation, and contract management. This course will enable participants to develop a strategic, value-oriented approach to supplier partnerships that contribute to long-term organizational success.

Objectives

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

  • Understand the strategic role of supplier management in organizational success.

  • Develop skills to evaluate, select, and manage suppliers based on performance metrics.

  • Apply negotiation techniques for favorable contract terms.

  • Implement best practices in contract formulation and administration.

  • Manage supplier risks and ensure compliance with contractual obligations.

  • Align supplier performance with organizational goals and sustainability standards.

  • Utilize data analysis for monitoring supplier performance and contract fulfillment.

Course Methodology

The program will use a mix of lectures, case studies, group discussions, role-playing exercises, and practical workshops. Real-world scenarios and examples will help reinforce concepts, allowing participants to apply their learning directly to their roles. Interactive sessions and peer feedback will further enhance the learning experience, promoting collaboration and active engagement.

Organizational Impact

Upon completion, organizations will benefit from:

  • Enhanced supplier relationships leading to better pricing and terms.

  • Improved contract management processes that minimize risks and legal issues.

  • Higher standards of compliance, quality control, and supplier accountability.

  • Cost savings through effective negotiation and contract administration.

  • Greater alignment between procurement activities and strategic goals.

Target Audience

This program is ideal for:

  • Procurement and sourcing professionals

  • Supplier relationship managers

  • Contract managers and administrators

  • Supply chain professionals

  • Project managers involved in procurement activities

  • Senior professionals seeking to enhance supplier management strategies

Outlines

Day 1: Foundations of Supplier Management

  • Introduction to Supplier Management: Role and Importance

  • Understanding Procurement in the Context of Organizational Strategy

  • Key Metrics and KPIs for Supplier Evaluation

Day 2: Supplier Selection and Evaluation Techniques

  • Criteria for Supplier Selection: Cost, Quality, Reliability

  • Developing a Supplier Evaluation Framework

  • Supplier Audits and Site Visits

Day 3: Supplier Relationship Management (SRM)

  • The SRM Process: Building and Maintaining Supplier Relationships

  • Strategic Partnerships vs. Transactional Relationships

  • Communication and Collaboration with Suppliers

Day 4: Negotiation Techniques for Procurement Professionals

  • Preparing for Negotiations: Market Analysis and Supplier Knowledge

  • Techniques for Achieving Win-Win Outcomes

  • Common Pitfalls in Supplier Negotiations and How to Avoid Them

Day 5: Procurement Contracts: Structure and Key Elements

  • Essentials of Contract Law in Procurement

  • Elements of an Effective Contract: Terms, Scope, Deliverables

  • Customizing Contracts for Different Types of Suppliers

Day 6: Contract Drafting and Administration

  • Drafting Clear and Comprehensive Contracts

  • Contract Administration: Tracking Milestones, Deliverables, and Amendments

  • Effective Recordkeeping and Documentation

Day 7: Risk Management in Supplier Relationships

  • Identifying and Assessing Supplier Risks

  • Risk Mitigation Strategies: Contingency Planning and Insurance

  • Managing Supplier Defaults and Disruptions

Day 8: Ensuring Compliance and Ethical Standards

  • Compliance with Legal and Regulatory Standards

  • Ethical Standards in Supplier Management

  • Corporate Social Responsibility (CSR) and Sustainability in Procurement

Day 9: Performance Management and Continuous Improvement

  • Supplier Performance Measurement and Feedback

  • Continuous Improvement in Supplier Relationships

  • Tools for Monitoring and Reporting on Supplier Performance

Day 10: Technology and Innovation in Supplier Management

  • Leveraging Technology for Supplier Management: Digital Tools and Platforms

  • Trends in Supplier Management: AI, Automation, and Analytics

  • Developing an Action Plan: Applying Best Practices in the Workplace

Purchases & Stores

Training Course: Supplier Management and Procurement Contracts: Best Practices


Register Now
Quick Inquiry
Discount Group Download Brochure  

PU235640

16 - 27 Dec 2024

Paris (France) -

Cost: 8400 € Euro


  About Paris

Lying on the River Seine, Paris is commonly referred to as the city for lovers, but it's actually a fantastic place for anyone to visit and explore. It's full of history, art, literature and amazing architecture for starters, but is also well known as being home to high fashion, which makes it a popular shopping destination. Visitors to the French Capital will find both high-end designer stores and quirky boutiques. The attractions of Paris range for art museums to shopping to simply taking a walk and soaking up the atmosphere. To top it all off, Paris has plenty of superb food and drink, in case there weren't already enough reasons to travel to Paris.


  Things to do and places to visit in Paris

Anyone who travels to Paris is in for a treat, as it is a beautiful city full of atmosphere. Many of Paris' attractions are world-famous, but it's also a city where you can find hidden gems. Taking a flight to Paris for a short visit is really like visiting a number of different cities, as all of its neighbourhoods, or arrondissements, have their own distinct character. Examples include the medieval Latin Quarter and the bohemian Marais. Each and every one is worth exploring.

Great things to do in Paris include:

  • Checking out the views from the top of the Eiffel Tower.
  • Seeing renowned masterpieces, including the Mona Lisa in the Louvre.
  • Taking a tour of the impressive, albeit slightly creepy, Paris Catacombs.
  • Marvelling at the beautiful Notre Dame Cathedral.
  • Browsing the designer stores around the Champs-Elysees.
  • Munching snails in one of the city's haute cuisine eateries.
  • Visiting the graves of luminaries including Oscar Wilde and Jim Morrison at Pere Lachaise Cemetery.
  • Admiring the imposing Arc de Triomphe.
  • Wandering around the boutiques of the Marais district.
  • Watching the famous Paris St-Germain football team play.
  • Taking in the Impressionist art at the Musee D'Orsay.
  • Watching the world go by from a cafe terrace.
  • Visiting the distinctive Centre Georges Pompidou.
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