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Training Course: Supplier Management and Procurement Contracts: Best Practices


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PU235640

23 Dec - 3 Jan 2024

Amsterdam (Netherlands)

Hotel : Grand Hotel Amrâth Amsterdam

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

23 Dec - 3 Jan 2024

Amsterdam (Netherlands) - Grand Hotel Amrâth Amsterdam

Hotel : Grand Hotel Amrâth Amsterdam

Cost: 8400 € Euro


  About Amsterdam

Amsterdam, capital of the Netherlands, is a popular destination amongst travelers from all around the world. Once just a little fishing village, Amsterdam is now a major international city after having become an important port during the 1600s. Throughout its history, the city has had many famous residents, including artists, philosophers and other historical figures. There is much to discover along Amsterdam's quaint streets and picturesque canals. So much so that a flight to Amsterdam comes with a guarantee of cultural and historical attractions that will provide memories to last a lifetime. Amsterdam is a hotbed of culture for travelers of all ages and tastes.


  Things to do and places to visit in Amsterdam

From the moment passengers step off their flight to Amsterdam, they will find it a friendly city with a lively atmosphere. Its flat geography means that it is perfect for exploring by bicycle. If you're feeling less active, it the city is also well-served by public transport. The so-called Venice of the North has something for every visitor. Culture vultures have museums, galleries and theaters to see, Families can visit the zoo or the Science Center NEMO.

When visiting Amsterdam, be sure to:

  • See the picture-perfect and colorful houses of the Grachtengordel district.
  • See the iconic works of one of Holland's most famous artists at the Van Gogh Museum.
  • Visit the house where Anne Frank and her family hid from the Nazis.
  • Browse through the extensive collection of fantastic art in the Rijksmusem.
  • Wander through the blaze of colors that is the Singel Flower Market.
  • See the city at a leisurely pace on a canal cruise.
  • Marvel at one of the city's many historic churches.
  • Learn about life aboard a ship at the National Maritime Museum.
  • Discover the Begijnhof's well-preserved medieval architecture.
  • See animals of all kinds, as well as the butterfly pavilion and aquarium, at the Artis Zoo.
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