Procurement & Contract Management Essentials Course

Overview
Course Outline
Scheduled Dates

Course Overview

Londontfe’s advanced training course in Procurement and Contract Management is designed to provide participants with a comprehensive understanding of procurement processes, contract negotiation techniques, and risk management strategies. The course will cover key topics such as supplier selection, contract formulation, performance management, and regulatory compliance, aiming to equip participants with the skills necessary to effectively manage procurement and contractual relationships in a variety of industries.

Objective:

Upon completion of this course, participants will be able to:

Understand the strategic role of procurement and contract management in an organization.
Apply best practices in supplier selection, evaluation, and management.
Develop and negotiate contracts that optimize value and minimize risk.
Implement effective contract performance management techniques.
Navigate procurement and contract management regulatory and compliance requirements.
Identify and mitigate risks in procurement and contract management processes.
Utilize effective communication and negotiation skills in supplier and stakeholder relationships.

Course Outline

Day 1:Procurement Strategy and Supplier Selection

Introduction to procurement and its strategic role in organizations
Supplier selection process and criteria
Supplier evaluation and performance management
Industry-specific procurement considerations and best practices

Day 2:Contract Development and Negotiation

Contract types and key elements
Legal and ethical considerations in contract formulation
Contract negotiation techniques and strategies
Developing a win-win contract for all parties

Day 3: Contract Performance Management

Monitoring and managing contract performance.
Key performance indicators (KPIs) and metrics
Managing supplier relationships and communication
Performance improvement strategies and remedies

Day 4: Regulatory Compliance and Risk Management

Regulatory environment for procurement and contract management
Compliance requirements and best practices
Identifying, assessing, and mitigating risks in procurement and contracts
Developing a risk management plan

Day 5:Communication and Negotiation Skills for Procurement Professionals

Effective communication techniques in procurement and contract management
Negotiation skills and strategies
Managing conflicts and disputes in contractual relationships
Stakeholder management and engagement
Course Review

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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London

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London

$4,900

Duration: 5 Days

date: 05 - 09 May 2025

Popular

London

$4,900

Duration: 5 Days

date: 04 - 08 Aug 2025

Popular

London

$4,900

Duration: 5 Days

date: 03 - 07 Nov 2025

Contract and Project Management

Procurement and Contract Management Essentials

Duration:5 Days

date:04 - 08 Aug 2025

London

$4,900

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

100000+ Members in
59+ Countries with
3000+ Chapters

Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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